The announcement, expected Monday, would mark the U.S. government’s largest investment in the rare earths sector to date.
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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 formed a strategic partnership with chemical company Solvay to supply rare earth metals to Permag, a leader in high-precision magnets.
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U.S. Treasury Secretary Scott Bessent said Washington is coordinating with allies, including India, to push back against China’s new export controls on rare earth materials.
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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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ePropelled has signed a joint development agreement with USA Rare Earth for the production of neo magnets for drone technology. Read more: www.aerospacemanufacturinganddesign.com/news/epropel... #amdmag #aerospace #defense #manufacturing #epropelled #usarareearth #neomagnet #drone
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Trump administration officials told rare earths producers they’re reviving a COVID-style strategy to strengthen U.S. critical minerals output — including guaranteed minimum prices to spur production, according to Reuters.
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Trump Says China Trade Deal ‘Done’ — Rare Earths Secured
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