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USA Rare Earth Shares Slide Amid Peer’s Magnet Deal Announcement
USA Rare Earth Shares Slide Amid Peer’s Magnet Deal Announcement
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BTCCSquare news:
Shares of USA Rare Earth (USAR) tumbled 9% intraday, extending an 8.7% decline from the prior session. The selloff follows Vulcan Elements' rare-earth oxide supply agreement with ReElement, reportedly priced "significantly below" the U.S. DoD's $110/kg benchmark. While USA Rare Earth wasn't party to the deal, investors appear concerned about competitive pricing pressures.
The Oklahoma-based miner had ridden a 45% three-month rally on enthusiasm for domestic rare-earth production and its planned 2026 magnet facility. Today's reaction suggests lofty expectations are being recalibrated as rivals gain traction in the supply chain.
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