US Stock Market Move | Rare earth concept stocks rise, USA Rare Earth (USAR.US) up more than 20%

On Thursday, stocks related to rare earth concepts rose, with USA Rare Earth (USAR.US) up over 20%, Critical Metals (CRML.US) up over 15%, TMC the Metals (TMC.US) up over 11%, and MP Materials (MP.US) up over 6%. On the news front, USA Rare Earth announced that it has chosen Fluor and WSP Global as its engineering, procurement, and construction management (EPCM) partners to advance the commercialization process of the Round Top rare earth project. Additionally, the company previously announced the construction of a rare earth metal and alloy factory with an annual production capacity of 3750 metric tons in La Rochelle, France, through its subsidiary LCM Europe, forming a complete supply chain with the adjacent Carester oxide treatment facility.