USA Rare Earth surged to an all-time high Friday after CEO Barbara Humpton said the company is in talks with the Trump administration about potential authorities support.
The company’s shares jumped more than 18%, to $32.45, giving the Dallas-based miner a market worth of $2.59 billion.
The stock has more than doubled this yr.
USA Rare Earth surged to an all-time high Friday after CEO Barbara Humpton confirmed the company is in discussions with the Trump administration over potential authorities support. AP
When requested Thursdsay on CNBC about putting a deal with the administration, Humpton said the company is in “close communication” with the White House.
USA Rare Earth did not immediately reply to a Post request for remark.
Humpton’s remarks came days after the White House disclosed a 5% equity stake in Lithium Americas and its Thacker Pass three way partnership with General Motors.
In July, the Defense Department turned the largest shareholder in MP Materials after committing to a multibillion-dollar growth of uncommon earth magnet manufacturing.
USA Rare Earth has not confirmed whether it is in line for federal investment itself.
President Trump invoked emergency powers in March to ramp up home manufacturing of important minerals after China halted uncommon earth exports during a commerce dispute.
Although Beijing eased restrictions in June, the transfer to speed up home manufacturing positioned a highlight on US reliance on Chinese provide.
USA Rare Earth is in “close communication” with the White House, according to its chief govt officer. SOPA Images/LightRocket via Getty Images
Shares jumped more than 18%, to $32.45, giving the Dallas-based miner a market worth of $2.59 billion. Google Market
Rare earth parts — a group of 17 metals important to electric automobiles, smartphones and army {hardware} — stay dominated by Chinese producers.
“This is a field where it will not be a zero-sum game,” Humpton instructed CNBC. “It’s going to take a lot of players to build out this marketplace.”
USA Rare Earth is developing a uncommon earth mine in Sierra Blanca, Texas, and a magnet plant in Stillwater, Okla., both of which are expected to go business in the first half of 2026.
The company is a key rising US producer of manget alloys recognized as “neo magnets” — and any strategy to enhance home mineral capability should embody it — Subash Chandra, analyst at The Benchmark Company, instructed Reuters.
Rare earth parts — a group of 17 metals important to electric automobiles, smartphones and army {hardware} — stay dominated by Chinese producers. REUTERS
Chandra added that authorities investment could take a number of types, but pressured, “There’s still a missing piece to the mines-to-magnets strategy.”
The administration has said its stakes in Lithium Americas and MP Materials are designed to shore up provide chains and counter Beijing’s control of the sector.