USA Rare Earth rises on deal with Arnold Magnetic Technologies

USA Rare Earth

23/03/2026 12:26

** Shares of rare earth magnet company USA Rare Earth USAR.O rise 2.5% to $16.64 premarket

** Company enters a mutual sales and distribution agreement with Compass Diversified CODI.N unit Arnold Magnetic Technologies to increase domestic supply chain for mission-critical applications

** USAR to sell Arnold's finished permanent magnets produced from samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB)

** Arnold will offer USAR's processed and refined NdFeB feedstock and finished magnets

** Company adds that agreement strengthens a U.S.-aligned supply chain for the aerospace, defense, semiconductor, and advanced technology industries

** Up to last close, USAR up 36.5% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))