USA Rare Earth (USAR) CEO Barbara Humpton told CNBC on Thursday that the company is in “close communication” with the White House. “We are in close communication with the administration,” Humpton told CNBC’s Morgan Brennan when asked whether USA Rare Earth was interested in a deal with the Trump administration. “This is a field where it will not be a zero sum game,” Humpton said of the rare earth supply chain. “It’s going to take a lot of players to build out this marketplace.” Humpton’s comments comes after the Trump administration took a 5% equity stake in Lithium Americas (LAC) this week, while the Defense Department took a 15% stake in MP Materials (MP) in July. Shares of USA Rare Earth are up 14% in premarket trading.
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