Why USA Rare Earth Stock Popped Today
Rare-earth miner MP Materials said this morning the U.S. Department of Defense is making a big investment in its rare-earth magnets business, sending its stock price up 60% in morning trading. Now, investors in another rare-earths start-up, USA Rare Earth (NASDAQ: USAR), are wondering if their company might be next in line.
It's pure speculation at this point, but still good enough for a 15.9% increase in share price through 12:05 p.m. ET.
Image source: Getty Images.
Source Fool.com
