USA Rare Earth rises on supply deal with Solvay and Arnold
04/12/2025 15:52
Updates ** Shares of USA Rare Earth USAR.O rise 9.4% to $15.3 ** Co's unit Less Common Metals (LCM) signs supply deal with Solvay and Arnold Magnetic Technologies Corp, a unit of Compass Diversified CODI.N ** USAR says deal will "ensure a reliable, ex-China source of high-quality rare-earth materials for Arnold's production of advanced permanent magnets" ** "This collaboration exemplifies the type of industrial partnerships that are rebuilding strength and resilience across the rare-earth ecosystem outside of China" - CEO Barbara Humpton ** USA Rare Earth completed its acquisition of LCM in November 2025 ** Inculding session's move, shares up 33.1% YTD (Reporting by Varun Sahay in Bengaluru) ((Varun.sahay@thomsonreuters.com))
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