BTCC
/
BTCC Square
/
Global Cryptocurrency
/
USA Rare Earth Shares Surge on Government Investment Speculation
USA Rare Earth Shares Surge on Government Investment Speculation
6
2
BTCCSquare news:
Shares of USA Rare Earth (USAR) jumped as much as 15.6% in early trading following optimistic commentary from JPMorgan. The bank's mid-cap M&A co-head, Andrew Castaldo, hinted at potential government collaboration in critical minerals, drawing parallels to the recent MP Materials deal. Investors are speculating USAR could be next in line for federal support.
The company's Stillwater, Oklahoma facility is slated to begin rare-earth magnet production by 2026, reducing U.S. reliance on foreign sources. Long-term plans include developing the Round Top Mountain site in Texas, though significant capital requirements remain. Market reaction reflects growing confidence in domestic rare-earth supply chain investments.
By:
