Trump Administration to Expand Price Support for U.S. Rare Earth Projects, Boosting USA Rare Earth with 15% Stock Surge

The Trump administration is set to expand its price support program for U.S. rare earth projects, extending beyond the initial deal with MP Materials. Sources indicate that the price support provided to MP Materials was not a one-time measure and will be broadened to include other rare earth companies such as USA Rare Earth and UUUU. This move aims to bolster domestic rare earth production and counter China's dominance in critical minerals. Following the announcement, USA Rare Earth's stock surged by 15%. The expansion of price floor guarantees reflects the administration's ongoing commitment to strengthening the U.S. rare earth sector.