Why USA Rare Earth Stock Is Sinking Today
USA Rare Earth (NASDAQ: USAR) stock is getting off to a rocky start this week. The company's share price was down 7.7% as of 2:30 p.m. ET Monday on some significant trade news. Shares had been down as much as 9.9% earlier in the day.
According to a recent report, Chinese exports of rare earth minerals have returned to their highest levels since January. The news suggests that there could be less demand for USA Rare Earth's services and capabilities in the near term.
Image source: Getty Images.
Source Fool.com
