USA Rare Earth Inc (NASDAQ:USAR) stock is red hot once more, last seen up 19.5% to trade at $27.13 after CEO Barbara Humpton indicated the company was in close discussions with the White House over a potential rare earths deal with the Trump administration.
USA Rare Earth stock rose after it announced plans to buy U.K.-based maker of rare earth alloys Less Common Metals.
The rare earth stock rally is being fueled by President Trump's intention to stockpile critical deep-sea metals to counter China's rare earth dominance.