This Rare Earth Stock Is Up 487% and Just Hit New Record Highs

Core Insights - Energy Fuels (UUUU) is experiencing significant stock price increases due to rising interest in rare earth minerals amid ongoing U.S.-China trade tensions [1][3] - The company is leveraging its existing infrastructure to produce six rare earth oxides, positioning itself to capitalize on the U.S. need for a more robust supply chain for critical minerals [2][3] - The stock has shown remarkable performance, gaining 334% over the past 52 weeks and 487% over the past six months, with a current "Buy" opinion from Barchart [4][6] Company Overview - Energy Fuels is valued at $5.5 billion and primarily focuses on mining, processing, and developing uranium and vanadium in the U.S., supplying uranium for nuclear power facilities [1] - The company aims to be at the forefront of the rare earth minerals market, which is currently dominated by China [2] Market Context - The U.S. is seeking to enhance its supply chain for rare earth minerals due to China's increased restrictions on exports, creating a favorable environment for companies like Energy Fuels [3] - The demand for energy, particularly from nuclear sources, is being driven by advancements in artificial intelligence, further boosting investor interest in the sector [1] Technical Performance - Energy Fuels has been identified as a stock with strong technical buy signals, having gained 132% since a "Buy" signal was issued on August 22 [4] - The stock is currently trading above key moving averages and has a 100% "Buy" opinion from Barchart, indicating strong market momentum [6]