Why USA Rare Earth Stock Soared This Week

Shares of USA Rare Earth (NASDAQ: USAR) jumped this week, up from last Thursday's close at 1 p.m. ET for the Fourth of July holiday by 10.4% as of 1:30 p.m. ET Friday. The rise came as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 both gained 0.6%.USA Rare Earth stock jumped -- alongside most of the critical mining industry -- after MP Materials announced yesterday it had inked a major deal with the Department of Defense (DoD).The Trump administration, which has been considering direct investments in companies that mine materials essential to U.S. national security, pulled the trigger, taking a $400 million stake in rare earth mining company MP Materials.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool