White House makes surprising $1.6 billion rare earth bet

USA Rare Earth’s stock climbed higher on Monday, Jan 26, after the official confirmation of government investment in the mine-to-magnet producer. The US is steadily building its rare-earth supply to rival China, which currently controls the majority of global rare-earth processing and magnet manufacturing. Rare earths are a strategic priority due to their role in national security, spanning defense systems, semiconductors, electric vehicles, and consumer electronics. Last October, USAR’s CEO, Barbara Hum ...