USA Rare Earth surges on deal with Enduro to supply neodymium magnets
ReutersAug 12, 2025 2:51 PM
Shares of rare earth magnet company USA Rare Earth USAR.O rise 22.5% to $18.88, its highest level since March 2025
USAR signs memorandum of understanding with Enduro Pipeline Services to deliver its neodymium magnets, which it plans to begin producing in early 2026
Enduro provides pipeline cleaning and inline inspection (ILI) tools; its advanced pipeline pigs, also known as "intelligent pigs" or "smart pigs," use high-powered neodymium magnets to collect ferrous debris, detect defects and track their location within the pipeline
Including session's moves, stock up 65.1% YTD
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