USA Rare Earth Stock Surges 14% on Government Deal and Analyst Optimism
USA Rare Earth (USAR) soared nearly 14% on Monday, outpacing the broader market's modest gains, after the U.S. and Australia inked a critical minerals pact. The agreement allocates $1 billion to domestic rare earth mining and processing, fueling investor Optimism for the pre-revenue company.
William Blair analyst Neil Dingmann initiated coverage with an outperform rating, citing USA Rare Earth's integrated operations and upcoming magnet facility launch as key differentiators. The stock's rally reflects growing confidence in its positioning amid tightening Chinese export controls.