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      Rare Earth Trade Is Back: USAR, MP Stocks Climb — Here's Why

      The rare earth trade roared back to life Monday, with USA Rare Earth Inc. (NASDAQ:USAR) and MP Materials Corp. (NYSE:MP) climbing as a transformative M&A deal collided with bullish new Wall Street coverage of the sector. 

      USA Rare Earth’s $2.8 Billion Brazil Bet

      USA Rare Earth kicked off the week by announcing a $2.8 billion cash-and-stock acquisition of Brazilian miner Serra Verde Group, owner of the Pela Ema mine — the only scaled producer outside Asia of all four magnetic rare earths: neodymium, praseodymium, dysprosium and terbium.  

      The deal calls for $300 million in cash plus 126.85 million newly issued USAR shares.

      CEO Barbara Humpton hit ...

      Full story available on Benzinga.com


      Source: Benzinga
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud