USA Rare Earth rises as Chinese suppliers balk at US shipments
-0.45% to $17.61 from $17.69
What moved USAR
- Reuters reported that some Chinese suppliers have refused to ship rare-earth materials to US customers, reviving supply-chain concerns.
- The report landed the same week USA Rare Earth completed its combination with Serra Verde Group, adding scaled heavy rare-earth production capacity.
- The move follows a $1.55 billion federal funding package finalized last month to build out domestic rare-earth supply chains, including equity and debt support.
Sources: 24/7 Wall St.