USA Rare Earth (USAR) Soars 28% as Firm Bags New Supply Deals

We recently published 10 Stocks Sparking Massive Fortunes. USA Rare Earth Inc. (NASDAQ:USAR) is one of the best performers on Friday.

USA Rare Earth jumped by 28.03 percent week-on-week following announcements that it secured a new rare earth supply agreement with two manufacturing companies.

In a statement later in the week, USA Rare Earth Inc. (NASDAQ:USAR) said that its subsidiary, Less Common Metals (LCM), officially inked a supply agreement with chemicals company Solvay and magnet producer Arnold Magnetic Technologies Corp., for the supply of rare earth metals for their production needs.

“This collaboration exemplifies the type of industrial partnerships that are rebuilding strength and resilience across the rare-earth ecosystem outside of China,” USA Rare Earth, Inc. (NASDAQ:USAR) CEO Barbara Humpton said.

“LCM’s role demonstrates the strategic importance of secure, reliable sourcing, and how collaboration between trusted partners can guarantee sustainable access to critical rare-earth materials for global magnet manufacturers,” she added.

LCM is a new subsidiary of USA Rare Earth, Inc. (NASDAQ:USAR), having only completed the merger last month.

The unit continues to serve its global customer base while providing alloy feedstock for its parent firm’s magnet manufacturing facility in Stillwater, Oklahoma, which is on track for commissioning in the first quarter of 2026.

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Disclosure: None. This article is originally published at Insider Monkey.