USA Rare Earth Is Breaking Ground on Its $1.2 Billion South Carolina Facility. Is It Time to Buy the Critical Minerals Stock?
Yahoo Finance ·
China's grip on the rare-earth market has exposed a critical weakness in Western supply chains, and USA Rare Earth ( USAR -3.29% ) aims to turn that vulnerability into an opportunity. The company is building a fully integrated "mine-to-magnet" business for rare-earth elements and permanent magnets outside China . By connecting mining, processing, alloy production, and magnet manufacturing, USA Rare Earth could become a key supplier of these materials crucial to defense and other technologies. On Sept. 9, USA Rare Earth announced it was breaking ground on its $1.2 billion South Carolina facility, which will help it reach its long-term goal of producing 10,000 metric tons of magnets and 10,000 metric tons of strip-cast metal. With the new facility under construction, is it time to buy the rare-earth stock?
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