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Stock impact report

Why Shares of USA Rare Earth Are Tanking Today [Yahoo! Finance]

USA Rare Earth, Inc. (USAR) 
Company Research Source: Yahoo! Finance
USA Rare Earth should only remain a potential acquisition for investors with high risk tolerances. 10 stocks we like better than USA Rare Earth › Starting the week on a bearish foot, both the Dow Jones Industrial Average and S&P 500 are down around 0.15% in afternoon trading. Shares of rare earth miner USA Rare Earth (NASDAQ: USAR) are also heading lower today -- unrelated to news from the company. While the bearish tone on Wall Street may be partially responsible for the stock's decline, a new partnership announced, involving the United States government, is also contributing to the slide in USA Rare Earth stock. As of 2:50 p.m. ET, shares of USA Rare Earth are down 11.7%. Investors learned today that the U.S. government is partnering with Korea Zinc Co., which is developing a zinc smelter in the United States. According to Bloomberg, the U.S. is one of several investors contributing about $1.94 billion to help Korea Zinc develop the project. Zinc appears on the U.S. Geolo Show less Read more
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