Rare Earth Stocks Backslide After Trump Takes Stake In USA Rare Earth
USA Rare Earth stock jumped on Monday on news that the Trump administration will purchase a 10% stake as part of $1.6 billion in financing to help the Stillwater, Okla., company build out its mine-to-magnet supply chain. Other rare earth stocks joined in the rally early, but reversed lower, including MP Materials, in which the U.S. government has already taken a stake. Rare earth stocks including NioCorp Developments, Critical Metals, Energy Fuels and American Resources initially rallied strongly, but finished sharply lower.
USA Rare Earth stock jumped on Monday on news that the Trump administration will purchase a 10% stake as part of $1.6 billion in financing to help the Stillwater, Okla., company build out its mine-to-magnet supply chain. Other rare earth stocks joined in the rally early, but reversed lower, including MP Materials, in which the U.S. government has already taken a stake. Rare earth stocks including NioCorp Developments, Critical Metals, Energy Fuels and American Resources initially rallied strongly, but finished sharply lower.