USA Rare Earth’s stock price rose by 11% today due to ongoing speculation about favorable trading relations with Venezuela. The company aims to source rare-earth elements from Venezuela to feed its production facility in Oklahoma. China’s export bans on rare-earth elements to Japan may further boost USA Rare Earth’s prospects. Investors are drawn to the potential government support and commercial investment in the company. While the recent stock price surge is driven by speculation, it highlights the potential opportunities for investors. Consider the 10 best stocks to buy now, excluding USA Rare Earth, as recommended by the Motley Fool Stock Advisor team.
Read more at Nasdaq: Here’s Why USA Rare Earth Stock Surged, Again, Today
