US Stock Market Move | USA Rare Earth (USAR.US) rises more than 9%; Subsidiary LCM reached supply agreements with Solvay and Arnold.

The stock price of USA Rare Earth (USAR.US) has risen by over 9%, reaching $15.289 as of the time of writing. On the news front, its subsidiary Less Common Metals (LCM) has signed a rare earth materials supply agreement with Solvay and Arnold Magnetic Technologies, a subsidiary of Compass Diversified (CODI.US), further promoting the localization of the rare earth supply chain in the US and Europe. Under the agreement, LCM will leverage its expertise in rare earth metal and alloy manufacturing to provide high-quality, stable, and strategically significant rare earth materials for Arnold's advanced permanent magnet production.