USA Rare Earth announced it will begin commercial production at its Round Top heavy rare earth deposit in Texas in late 2028, two years earlier than planned.
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USA Rare Earth jumped +24.6% after announcing that its newly acquired subsidiary Less Common Metals (LCM) signed a supply agreement with Solvay and Arnold Magnetic Technologies, a Compass Diversified company
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USA Rare Earth shares surged more than 14% on Friday after CEO Barbara Humpton told CNBC that the company is “in close communication” with President Trump’s administration.
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China’s rare earth exports surged in July, reaching 6,422 tons, the highest level since January, marking a 69% jump.
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The U.S. Department of Energy announced nearly $1B in funding under the Trump administration to accelerate domestic critical minerals and materials development.
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USA Rare Earth has signed 12 memorandums of understanding (MoUs) and joint defense agreements (JDAs) and is actively engaging with over 70 companies, targeting around 300 tons of annual production for customers in aerospace, defense, data center, and automotive sectors.
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China’s General Administration of Customs reported that rare earth magnet exports to the U.S. surged 660% in June to 353 metric tons, following a trade pact that resolved shipment bottlenecks.
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China to Resume Rare Earth Exports to U.S. After Trade Pact Breakthrough
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Trump Says China Trade Deal ‘Done’ — Rare Earths Secured
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