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Stock impact report

USA Rare Earth (USAR) Rockets 14.6% as Traders Bet on Critical Minerals Push [Yahoo! Finance]

USA Rare Earth, Inc. (USAR) 
Company Research Source: Yahoo! Finance
USA Rare Earth soared by 14.62 percent on Wednesday to end at $16.78 apiece, as investors poured funds back into stocks tied to industries that the US government prioritized for strategic expansion. The stock mimicked the wider market optimism, thanks to the two-week ceasefire between the US and Iran that allayed fears for worst-case scenarios for the global economy and sparked optimism for lower crude oil prices amid the reopening of the Strait of Hormuz—a critical waterway where 20 percent of global crude oil shipments pass through. USA Rare Earth USA Rare Earth's magnet facility in Stillwater, Oklahoma. Photo from the USA Rare Earth website It can be recalled that the Strait was ordered shut under Iranian control since the war began, sending prices of global crude oil soaring as shipping firms looked for alternative pathways to transport oil. Ceasefire aside, USA Rare Earth Inc. (NASDAQ:USAR) was among the favored stocks during the day, supported by strong confidence ami Show less Read more
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