Usa Rare Earth, Inc. shares rise 4.59% premarket after MP Materials reported smaller-than-expected quarterly loss.

Usa Rare Earth, Inc. rose 4.59% in premarket trading. MP Materials, a competitor in the rare earths industry, reported a smaller-than-expected quarterly loss due to higher rare earths production. Additionally, MP Materials expects a 10% to 20% sequential increase in NDPR oxide production in Q3, which could indicate a positive outlook for the rare earths sector.