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Wire

USA Rare Earth Selects South Carolina Site for New Magnet, Metals Facility

USA Rare Earth (USAR) has selected Cherokee County, South Carolina, as the site for a new magnet manufacturing and refined metals facility, the company said Tuesday.The facility will produce sintered neodymium-iron-boron permanent magnets and refined rare earth metals, and once fully operational, it will target an annual production capacity of 6,400 metric tons of magnets and 5,000 metric tons of strip-cast metal, the company said.Engineering work is underway, with site construction starting in the coming months and commissioning targeted for 2028, the company said.Combined with expansions at its Stillwater, Oklahoma, facility, the company expects total domestic capacity to reach 10,000 metric tons per year for both product lines.Shares of USA Rare Earth were up 3.8% in early Tuesday trading.Price: $30.56, Change: $+1.13, Percent Change: +3.82%

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Research

Needham Initiates USA Rare Earth at Buy With $39 Price Target

USA Rare Earth (USAR) has an average rating of buy and mean price target of $37.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Update: Market Chatter: Defense Companies Seek Delay of US Ban on Chinese Rare Earth Magnets

(Updates to add US Department of Defense response in fourth paragraph.)Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense declined to comment when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.92, Percent Change: -9.66%

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Wire

Market Chatter: Defense Companies Seek Delay of US Ban on Chinese Rare Earth Magnets

Defense companies want more time to comply with the upcoming ban on using Chinese samarium cobalt magnets and neodymium iron boron magnets in defense contracts starting Jan. 1, the Financial Times reported Monday, citing four people familiar with the matter.Several US metals executives said the administration was unlikely to view the lobbying effort favorably, according to the report.The ban on China-sourced magnets, as well as the metals tungsten and tantalum, was introduced by Congress during President Donald Trump's first term in 2018, the report added.A spokesperson for the US Department of Defense did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.35, Change: $-5.93, Percent Change: -9.67%

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Wire

USA Rare Earth Showed Continued Momentum Across Mine-to-Magnet Platform in Q1, Wedbush Says

USA Rare Earth (USAR) reported Q1 results featuring ongoing strategic momentum across the mine-to-magnet platform, with LCM third-party metal and alloy contribution driving results, Wedbush Securities said Wednesday in a note.Total liquidity of approximately $1.75 billion gives the company sufficient runway to fund Stillwater, LCM, Carester, Round Top, and Serra Verde without financing pressure, according to the note.Stillwater Phase 1a is now producing magnets for customer qualification with finishing equipment operational at the start of Q3, increasing to 600 metric tons per annum in Q4 and the 1,200 MTPA Phase 1b target in Q1 2027, with near-term demand skewed to semi-finished block magnets for safety stocks, the brokerage said.With Phase 1a capacity already committed to current customers and Phase 1b expected to add another 600 MTPA in early 2027, USA Rare Earth is well-positioned to benefit from rising volumes and pricing tailwinds, particularly as Serra Verde adds the biggest ionic clay HREE producer outside China to its upstream supply portfolio, according to the note.Wedbush maintained an outperform rating on USA Rare Earth with a price target of $35.Shares of the company were down more than 3% in Thursday trading.Price: $24.04, Change: $-1.38, Percent Change: -5.42%

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Wire

USA Rare Earth's Q1 Print Seen Showing Continued Mine-to-Magnet Momentum, Wedbush Says

USA Rare Earth's (USAR) Q1 earnings report is expected to show continued momentum across its expanding mine-to-magnet heavy rare earth value chain amid an accelerating policy backdrop and rising urgency around supply chain sovereignty, Wedbush Securities said in a Monday note.The company is scheduled to report its Q1 results Wednesday after market close.The brokerage said it expects management to provide updates on the Stillwater phase 1a ramp toward 600 metric tons per annum by Q4 and phase 1b reaching 1,200 MTPA in the first quarter of 2027.USA Rare Earth is well-positioned to capture a strong share of Western demand, supported by bipartisan backing for domestic supply chain reshoring and a Defense Federal Acquisition Regulation restriction that will bar the Department of Defense and its contractors from acquiring NdFeB and SmCo magnets containing Chinese-origin material.Wedbush reiterated its outperform rating and raised its price target on USA Rare Earth to $35 from $29, citing immediate upstream scale from the Serra Verde acquisition, Stillwater commercial magnet shipment ramp-up and the integrated mine-to-magnet platform taking shape across the US, UK, France and Brazil.Price: $26.60, Change: $-0.37, Percent Change: -1.35%

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Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Monday afternoon with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.1%.The Philadelphia Oil Service Sector Index fell 0.8%, and the Dow Jones US Utilities Index fell 0.6%.West Texas Intermediate crude oil jumped 5.9% to $88.79 a barrel, and global benchmark Brent rose 5.3% to $95.19 a barrel. Henry Hub natural gas futures increased 0.3% to $2.68 per 1 million BTU.In corporate news, Devon Energy (DVN) shares rose 1.3% after Tudor Pickering Holt upgraded the stock to buy from hold with a $63 price target.USA Rare Earth (USAR) agreed to acquire Brazilian rare earths miner Serra Verde in a cash-and-stock deal with an equity value of about $2.8 billion. USA Rare Earth shares jumped 13%.Eni (E) and Repsol reached a deal with the Venezuelan government to begin exporting natural gas from the country's Perla field in the Gulf of Venezuela, shipping the fuel in the form of liquefied natural gas from a floating terminal, Bloomberg reported. Separately, Eni made a gas discovery in the Kutei Basin off the coast of Indonesia. Eni shares rose 0.4%.Sable Offshore (SOC) shares climbed 3.4% after it said capital expenditures across its assets are expected to be around $180 million from April through December.

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Sectors

Sector Update: Energy Stocks Higher Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index was decreasing 0.3%, and the Dow Jones US Utilities Index was steady.In sector news, oil prices rose Monday following an apparent flare-up between the US and Iran ahead of the expiration of their ceasefire agreement this week. Oil prices had plunged on Friday as Iran declared that the Strait of Hormuz was open, a key US demand. Tehran, however, took back control of the waterway on Saturday. Both sides have accused each other of violating a two-week ceasefire that is due to expire Tuesday.Front-month West Texas Intermediate crude oil jumped 6.8% to $89.56 a barrel, and the global benchmark Brent crude contract popped 5.9% to $95.72 a barrel. Henry Hub natural gas futures increased 0.9% to $2.70 per 1 million BTU.In corporate news, USA Rare Earth (USAR) on Monday agreed to acquire Brazilian rare earths miner Serra Verde in a cash-and-stock deal with an equity value of about $2.8 billion, as the critical minerals producer aims to boost its rare earth operations. USA Rare Earth shares jumped past 8%.Eni (E) and Repsol have reached a deal with the Venezuelan government to begin exporting natural gas from the country's Perla field in the Gulf of Venezuela, shipping the fuel in the form of liquefied natural gas from a floating terminal, Bloomberg reported. Separately, Eni said it has made a gas discovery in the Kutei Basin off the coast of Indonesia. Eni shares rose 1%.Sable Offshore (SOC) shares added 0.4% after it said capital expenditure across its assets is expected to be around $180 million from April through December this year.

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Research

Update: Wedbush Initiates USA Rare Earth at Outperform With $29 Price Target

(Updated to include Wedbush commentary)Wedbush initiated coverage on USA Rare Earth (USAR) with an outperform rating and a $29 price target.The brokerage highlighted the company's Round Top deposit in West Texas, noting that around 72% of its total rare earth oxide content consists of heavy rare earth elements, effectively unique among deposits of this scale outside China, analysts Dan Ives and Sam Brandeis wrote in a Monday note.Rare earth magnets are critical inputs across defense, EVs, semiconductors, and physical artificial intelligence infrastructure, such as compute, robotics, and autonomous, the analysts added.These end markets represent a rapidly growing addressable market and an area where domestic customers are actively seeking to reduce reliance on China, Ives and Brandeis said.USA Rare Earth has an average rating of buy and mean price target of $32.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $21.94, Change: $+1.99, Percent Change: +9.95%

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Wire

USA Rare Earth's Round Top Rare Earth Deposit Unlike Others in the West, Wedbush Says

USA Rare Earth's (USAR) Round Top in Texas is unlike any other rare earth deposit in the West, Wedbush analysts said in a Monday note to clients.Analysts said that Round Top carries about 72% heavy rare earth oxide distribution within its total rare earth oxide content, making it unique among deposits of this scale outside China.Wedbush said that the deposit positions the company to address the segment of the rare earth market under the most acute supply chain pressure following China's April 2025 export controls.Wedbush said that Round Top is the only deposit in the West with the geological profile to produce heavy rare earths at a commercial scale, and that the company's Less Common Metals unit is the only facility outside China with the capability to produce samarium cobalt and heavy rare earth metals commercially.Analysts initiated coverage on USA Rare Earth with an outperform rating and a $29 price target.Price: $22.65, Change: $+2.70, Percent Change: +13.53%

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US Markets

USA Rare Earth to Acquire Brazil's Serra Verde in $2.8 Billion Deal

USA Rare Earth (USAR) on Monday agreed to acquire Brazilian rare earths miner Serra Verde in a cash-and-stock deal with an equity value of about $2.8 billion, as the critical minerals producer aims to boost its rare earth operations.The transaction comprises $300 million in cash and about 126.8 million newly issued USA Rare Earth shares, the company said in a statement. USA Rare Earth's stock increased 2.2% in the most recent premarket activity.In a separate statement, Serra Verde, the owner of the Pela Ema rare earth mine and processing plant in Brazil, said the deal with USA Rare Earth will establish a multinational mine-to-magnets rare earths company with eight operations in Brazil, the US, France and the UK and operating capabilities across mining, processing, separation, metallization and magnet making."Serra Verde's Pela Ema mine is a one-of-a-kind asset and the only producer outside Asia capable of supplying all four magnetic rare earths at scale," USA Rare Earth Chief Executive Barbara Humpton said. "By combining Serra Verde's world-class operations and team with our processing, separation, metallization and magnet-making capabilities, we are advancing our goal of creating a fully integrated platform that will serve as a cornerstone of global rare earth supply security for decades to come."The deal, which requires approval from regulators, is expected to complete in the third quarter."We are excited to contribute our operational expertise, government partnerships, and significant growth potential to this combined platform," according to Serra Verde CEO Thras Moraitis. "We believe the combined company will deliver a fully integrated rare earth solution at scale, accelerate growth, and create enhanced value for all stakeholders."Additionally, the companies announced that Serra Verde has secured a $565 million financing package from the US International Development Finance Corporation for its optimization and expansion initiatives. The Brazilian firm also entered into a 15-year offtake agreement to supply a special purpose vehicle capitalized by various US government agencies, as well as private capital sources, with all four magnetic rare earths.Serra Verde is estimated to produce an average of about 6,400 metric tons of total rare earth oxide per year by the end of 2027 as part of its phase 1 capacity.As part of the deal, Moraitis and Serra Verde Chairman Mick Davis will join the USA Rare Earth's board.

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Research

Wedbush Initiates USA Rare Earth at Outperform With $29 Price Target

USA Rare Earth (USAR) has an average rating of buy and mean price target of $32.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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US Markets

Stocks Down Pre-Bell Amid Renewed US-Iran Tensions

The benchmark US stock measures were tracking in the red before the opening bell Monday amid renewed tensions between the US and Iran, while investors prepare for a busy week of corporate earnings.The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.5% each in premarket activity. The indexes finished Friday's trading session higher, with the Nasdaq achieving its longest winning streak since 1992.In a social media post on Sunday, President Donald Trump said the US navy intercepted and seized an Iranian-flagged cargo ship in the Gulf of Oman. The US Central Command confirmed in a statement that its forces disabled the Iranian vessel following its attempts to sail toward an Iranian port.Last week, the US enforced a blockade of all maritime traffic entering and exiting Iranian ports after peace talks between Washington and Tehran in Pakistan failed to materialize a conclusive deal.In a separate post on social media, Trump said Iran violated its ceasefire agreement with the US by firing bullets at a French ship and a British freighter in the crucial Strait of Hormuz. Trump urged Iran to accept a "very fair and reasonable deal" offered by the US."If they don't, the United States is going to knock out every single power plant, and every single bridge, in Iran," Trump wrote.Iran on Sunday denied it would participate in a fresh round of negotiations with the US in Pakistan this week, CNBC reported, citing Tehran's state news agency. Trump said his representatives will be in Pakistan on Monday for talks.Over the weekend, Iran reversed its earlier decision to reopen the Strait of Hormuz for all commercial vessels, citing Trump's decision to keep the blockade of Iranian ports.West Texas Intermediate crude oil increased 5.9% to $88.76 a barrel in recent premarket action, while Brent rose 6% to $87.48.Treasury yields were trending upwards before the open, with the two-year rate inclining 2.7 basis points to 3.73% and the 10-year rate adding 2.2 basis points to 4.27%.Several major companies are scheduled to release their latest quarterly results this week, including electric vehicle manufacturer Tesla (TSLA), health insurance giant UnitedHealth (UNH), chipmaker Intel (INTC) and consumer goods company Procter & Gamble (PG).Cleveland-Cliffs (CLF) and Bank of Hawaii (BOH) are expected to post their earnings pre-bell, among others. Steel Dynamics (STLD) and Alaska Air (ALK) report their results after the markets close.TopBuild's (BLD) shares jumped 18% before the bell as the company agreed to be acquired by QXO (QXO) in a deal worth about $17 billion. USA Rare Earth (USAR) rose 3.4% after it agreed to purchase Serra Verde, the owner of the Pela Ema rare earth mine and processing plant in Brazil, in a deal worth about $2.8 billion.With no major economic reports scheduled for Monday, traders will be awaiting last month's retail sales report on Tuesday.Gold fell 1.3% to $4,816 per troy ounce, while bitcoin nudged up 0.5% to $75,342.

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