Rare-Earth Stocks Gain
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Investors who bought shares in the ASX-listed St George Mining earlier this year are sitting on 650 per cent returns.
Fund managers are betting a rally in critical minerals producers is only getting started, despite having lifted some stocks more than 200 per cent this year.
Shares of USA Rare Earth, Inc. (NASDAQ: USAR) are trading higher Monday amid a wave of optimism for rare earth materials companies.
USA Rare Earth stock surges 17% on Monday amid geopolitical optimism, but easing US-China tensions may curb gains.
The bank said it will make direct equity and venture investments of up to $10 billion in select companies in the new initiative.
Rare earth stocks continued a remarkable rally following geopolitical developments and a $1.5 trillion initiative from JPMorgan.
China, which processes most rare earths, needs government approval to ship semiconductors. Beijing's action is part of a bigger attempt to control key commodities that power electronics and electric cars.
China is doing its best to make MP Materials stock a buy -- but at this price it's still a sell. Shares of MP Materials ( MP 7.96%), by far the biggest of several companies working to jump-start rare-earth oxide mining and rare-earth magnet manufacturing in the United States, jumped 8.5% through 11 a.m. ET Thursday. And why?