Why USA Rare Earth Stock Powered 76.9% Higher in April
It's been some ride for USA Rare Earth (NASDAQ: USAR) investors so far this year. From the time it began trading on March 14, when it completed its business merger with a special purpose acquisition company (SPAC), through the end of March, the stock had plunged 68%.But USA Rare Earth stock turned things around in April, and shares skyrocketed 76.9%, according to data provided by S&P Global Market Intelligence.Rare earth elements took center stage last month as President Donald Trump signaled that his administration was intent on shoring up the nation's supply of the critical elements. This is a boon for USA Rare Earth, which is developing a rare earth magnet manufacturing facility in Oklahoma.Continue reading
It's been some ride for USA Rare Earth (NASDAQ: USAR) investors so far this year. From the time it began trading on March 14, when it completed its business merger with a special purpose acquisition company (SPAC), through the end of March, the stock had plunged 68%.
But USA Rare Earth stock turned things around in April, and shares skyrocketed 76.9%, according to data provided by S&P Global Market Intelligence.
Rare earth elements took center stage last month as President Donald Trump signaled that his administration was intent on shoring up the nation's supply of the critical elements. This is a boon for USA Rare Earth, which is developing a rare earth magnet manufacturing facility in Oklahoma.
