Why USA Rare Earth Stock Soared, Slumped, and Ended Up 13% Higher in October

Welcome to the wild ride that is USA Rare Earth (NASDAQ: USAR) stock. The stock rose 13.1% in October, according to data provided by S&P Global Market Intelligence. While that sounds relatively sedate, a quick look at the chart below reveals a much more exciting story. Here are the details behind it.The chart reveals the impact of the political developments impacting the rare-earth market and USA Rare Earth in particular. More on that in a moment, but first, here's why the stock burst higher in early October.As a reminder, the company's strategy is first to start producing rare-earth magnets at its Stillwater, Oklahoma, facility in 2026. Meanwhile, according to its Securities and Exchange Commission (SEC) filings, it will be "focused on partnering with ex-China suppliers and building or buying the capabilities we need to profitably manufacture high quality neo magnets in the United States." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool