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Energy Fuels Stock Surges on Rare Earths Momentum and Strategic U.S. Supply Deal
Energy Fuels Stock Surges on Rare Earths Momentum and Strategic U.S. Supply Deal
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BTCCSquare news:
Energy Fuels Inc. (UUUU) shares jumped 13.7% as rare earth elements gained strategic importance amid U.S.-China trade tensions. The WHITE Mesa mill—America's sole monazite-to-oxide processing facility—positions the uranium miner as a critical domestic supplier.
Prices for rare earths hit two-year highs following supply chain disruptions. A new memorandum with magnet manufacturer Vulcan Elements signals vertical integration potential in defense-critical supply chains.
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