USA Rare Earth Shares Rally Amid White House Talks

USA Rare Earth shares jumped about 10% in premarket trading Friday after CEO Barbara Humpton said the company is in close discussions with the White House over potential support.

The miner is developing a rare-earth deposit at Sierra Blanca, Texas, and a neo-magnet manufacturing plant in Stillwater, Oklahoma, with commercial operations targeted in the first half of 2026. Investors have bid up the stock: shares are up roughly 98% year-to-date, giving the company a market value near $2.6 billion.

The talks come against a backdrop of intensified U.S. policy to rebuild domestic critical-minerals capacity. The administration invoked emergency powers in March to accelerate supply-chain investments aimed at reducing dependence on China, which currently dominates rare-earth processing. Recent government moves include minority stakes in lithium projects and a separate, multibillion-dollar partnership with an existing rare-earth producer that made the Defense Department a major investor.

Analysts say closer government-industry coordination could speed permitting, financing and offtake arrangements for domestic magnet and mineral projects, potentially narrowing strategic supply gaps ahead of 2026 production targets.