USA Rare Metals gains as unit signs deal with Solvay to supply rare earth metals

Solvay SA

20/11/2025 12:32

** Shares of rare earth magnet company USA Rare Earth USAR.O rise ~3% at $14.69 premarket

** Co's unit, Lesser Common Metals signs partnership with Solvay, a multinational chemical company, to supply rare earth metals to Permag, producer of magnets and magnetic assemblies

** The deal willl  secure supply of Samarium material for the European market and Permag's global customer base, company adds

** Samarium is a metal used  in high-performance magnets for advanced manufacturing, defense, and clean‑energy technologies

** USAR says this will enable Permag to meet rising demand for Samarium magnets over the next three to five years

** As of last close, USAR up ~25% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))