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0 0.0033444816053511 0.0033444816053511 0.00947603121516155 0.0111482720178372 0.00278706800445935 0.0089186176142698 -0.00390189520624305
Stock impact report

USA Rare Earth (USAR) Jumps 9.7% Ahead of Magnet Facility Operations [Yahoo! Finance]

USA Rare Earth, Inc. (USAR) 
Company Research Source: Yahoo! Finance
USA Rare Earth Inc. (NASDAQ:USAR) grew its share prices by 9.66 percent on Wednesday to close at $18.28 apiece as investors loaded portfolios ahead of the start of its magnet facility's commercial operations, supported by rosy prospects from the United States' invasion of Venezuela. Earlier this month, the US invaded Venezuela with the arrest of its former president, Nicolas Maduro and his wife over narco-related charges, as well as the seizure of up to 50 million barrels of sanctioned oil from the South American country. Nestor Rizhniak/Shutterstock.com Despite the move that earned the ire of various neighboring countries, investors took the invasion as a cue for the US' potential access to the untapped mineral resources in Venezuela, especially as the world's largest economy is underway with the expansion of domestic rare earth manufacturing to reduce dependence on China. Venezuela's Orinoco Mining Arc reportedly holds as much as 300,000 metric tons of rare earth deposits, Show less Read more
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