USA Rare Earth rises on deal with Arnold Magnetic Technologies

Shares of rare earth magnet company USA Rare Earth USAR.O rise 2.5% to $16.64 premarket

Company enters a mutual sales and distribution agreement with Compass Diversified CODI.N unit Arnold Magnetic Technologies to increase domestic supply chain for mission-critical applications

USAR to sell Arnold's finished permanent magnets produced from samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB)

Arnold will offer USAR's processed and refined NdFeB feedstock and finished magnets

Company adds that agreement strengthens a U.S.-aligned supply chain for the aerospace, defense, semiconductor, and advanced technology industries

Up to last close, USAR up 36.5% YTD