Energy Fuels Inc. (UUUU) Surges 3.25% on China's Rare Earth Export Curbs Spur Demand Rally

Energy Fuels Inc. (UUUU) surged 3.25% on Thursday, extending its winning streak to five consecutive days with a cumulative gain of 23.12%. The stock hit an intraday high of $20.51, marking its highest level since October 2025, before closing at $19.70. This rally reflects heightened demand for U.S.-based rare earth producers amid shifting global supply dynamics.

The recent spike in Energy Fuels’ share price is closely tied to China’s stringent new export restrictions on rare earth minerals. Effective immediately, foreign buyers must secure licenses for goods containing rare earth content exceeding 0.1% of their value, alongside technology tied to extraction and magnet recycling. This policy has intensified global competition for alternative rare earth sources, positioning Energy Fuels as a critical supplier for U.S. and international markets reliant on these materials for semiconductors, EVs, and defense technologies.

Rare earth elements (REEs) remain indispensable to critical industries, including electric vehicles and aerospace, where materials like neodymium and lanthanum are essential for motors and aircraft components. Energy Fuels’ U.S.-based production capabilities, including the Uravan and White Mesa processing facilities, align with growing demand for domestic supply chains. The company’s strategic role in reducing reliance on Chinese exports has drawn investor attention, particularly as geopolitical tensions and decarbonization goals drive demand for secure mineral sources.

Government support for domestic rare earth production further bolsters Energy Fuels’ outlook. Recent U.S. investments in critical mineral firms signal a broader push to localize supply chains, while political advocacy for reshoring manufacturing has created a favorable regulatory environment. These factors, combined with Energy Fuels’ operational expertise in processing high-grade REEs, have solidified its position as a key player in the sector. The stock’s five-day rally underscores market confidence in its ability to capitalize on long-term supply constraints and industrial demand growth.