USA Rare Earth Inc. (USAR) saw a 28.03% jump in its stock price after securing a rare earth supply deal with Solvay and Arnold Magnetic Technologies Corp. The subsidiary, Less Common Metals (LCM), is crucial for providing rare earth metals to global manufacturers. USAR’s CEO Barbara Humpton emphasized the importance of reliable sourcing for global magnet manufacturers. LCM, a new subsidiary of USAR, continues to serve customers globally and will supply alloy feedstock for USAR’s magnet manufacturing facility in Oklahoma. Although USAR shows potential as an investment, some AI stocks may offer higher returns with limited downside risk. For an attractive AI stock option, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: USA Rare Earth (USAR) Soars 28% as Firm Bags New Supply Deals