U.S. Stock Market Anomaly | Rare Earth Stocks with Intraday Highs American Resources (AREC.US) Up Over 14%
Intelligent financial APP learned that on Monday, rare earth concept stocks surged during trading hours, with American Resources (AREC.US) rising by over 14%, MP Materials (MP.US) rising by over 5%, Energy Fuels (UUUU.US), and USA Rare Earth (USAR.US) rising by over 3%. In terms of news, according to Reuters, two informed sources revealed that the Trump administration is considering a plan to reallocate at least $2 billion from the "chip act" to fund critical mineral projects and enhance the influence of Commerce Secretary Raimondo on strategic industries. The proposed measures would extract funds from appropriations for semiconductor research and chip factory construction, avoiding new expenditure requests.
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