U.S. Stock Movement | Rare Earth Concept Stocks Rise, Critical Metals Up Over 13%
On Friday, rare earth concept stocks rose. As of the time of writing, Critical Metals was up over 13%, USA Rare Earth was up over 3.5%, and MP Materials was up over 3.7%. In terms of news, the U.S. government has teamed up with private equity firm Orion Resource Partners and the Abu Dhabi sovereign fund ADQ to establish a critical minerals investment fund. The three parties have committed an initial capital of $1.8 billion, with a final target size set at $5 billion. The fund will prioritize "investments in existing or recently operational assets" rather than early-stage exploration projects
According to Zhitong Finance APP, on Friday, rare earth concept stocks rose. As of the time of publication, Critical Metals (CRML.US) was up over 13%, USA Rare Earth (USAR.US) was up over 3.5%, and MP Materials (MP.US) was up over 3.7%. In terms of news, the U.S. government has teamed up with private equity firm Orion Resource Partners and the Abu Dhabi sovereign fund ADQ to establish a critical minerals investment fund. The three parties have committed an initial capital of $1.8 billion, with a final target size of $5 billion. The fund will prioritize "investments in existing or recently operational assets" rather than early-stage exploration projects
