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Stock impact report

USA Rare Earth (USAR) Bounces Back 12% as Firm Goes Aggressive on Rare Earth Production [Yahoo! Finance]

USA Rare Earth, Inc. (USAR) 
Company Research Source: Yahoo! Finance
USA Rare Earth rebounded by 12.13 percent on Thursday to finish at $18.77 apiece as investors cheered plans to accelerate the commercial production of its Round Top heavy rare earth deposit in Texas two years earlier than projected. In a statement, USA Rare Earth Inc. (NASDAQ:USAR) said that it now plans to kick off commercial operations of the said deposit in 2028 in a bid to capture the rapidly growing demand for the said metals. “Beginning commercial production at Round Top two years earlier than anticipated would be an exciting milestone made possible by the team's technical capabilities, process knowledge, and ingenuity. As global demand for rare earth magnets continues to rise and geopolitical risks escalate, accelerating domestic production is essential for securing the long-term competitiveness of US manufacturing,” said USA Rare Earth Inc. (NASDAQ:USAR) CEO Barbara Humpton. Additionally, the company is set to start the operations of its Hydromet demonstration facility Show less Read more
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