USA Rare Earth stock jumped on Monday on news that the Trump administration will purchase a 10% stake as part of $1.6 billion in financing to help the Stillwater, Okla., company build out its mine-to-magnet supply chain. Other rare earth stocks joined in the rally early, but reversed lower, including MP Materials, in which the U.S. government has already taken a stake. Rare earth stocks including NioCorp Developments, Critical Metals, Energy Fuels and American Resources initially rallied strongly, but finished sharply lower.
