Wall Street has been closely monitoring rare earth stocks and their connection to the AI sector. New government investments and industry partnerships could make these miners even more popular, so it's time for savvy investors to become familiar with MP Materials Corp (NYSE:MP), USA Rare Earth Inc (NASDAQ:USAR), and Ramaco Resources Inc (NASDAQ:METC).
MP was last seen up 1.4% to trade at $31.87 at last check, as AI giants bounce back from last week's bout of profit-taking. The security pulled back after nearly conquering an Aug. 11, record peak of $82.50 last week, but still boasts a whopping 328.3% year-to-date lead.
USAR was last seen up 0.9% to trade at $17.48, after the company acquired rare earth metals manufacturer LCM for $217 million and named Barbara Humpton as its new CEO, effective Wednesday. The equity added 193.7% in the last six months, and isn't far off its March 18, record high of $18.40.
Extending its 217.7% lead for 2025, METC is up 1.2% at $31.82 at last check. The stock on Friday hit an all-time high of $33.40 with support at its rising 20-day moving average, after breaking above pressure at the $28 level earlier this month.
Despite strong price action for all three stocks, METC is the only one seeing unusual options activity today. In fact, 11,000 puts have already crossed the tape -- double the volume typically seen at this point. The most popular contract is the weekly 11/7 12.50-strike put, where new positions are sold to open.
