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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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