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03.10.25 - 20:21
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USA Rare Earth Shares Spike More Than 18% On News Of Talks With Trump Administration (ZeroHedge)
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USA Rare Earth Shares Spike More Than 18% On News Of Talks With Trump Administration
USA Rare Earth shares rose more than 18% to a record high Friday after CEO Barbara Humpton said the company was in “close discussions with the White House” during a CNBC interview. We have highlighted the name multiple times when discussing potential rare earth companies that the Trump administration could take interest in. We also noted MP Materials months ago before the company's nearly 400% ascent.
Humpton's remarks follow the Trump administration's 5% stakes in Lithium Americas and its Thacker Pass joint venture with General Motors earlier this week. In March, Trump invoked emergency powers to boost U.S. mineral output after China halted rare earth exports, underscoring the need for domestic supply.
Recall, just hours ago we noted that as part of America's Industrial Policy transformation, The Trump administration is pressing companies across nearly 30 industries to strike deals that advance ...
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