China Against Everybody: The New Geopolitics of Rare Earth Elements
Key takeaways
- USA Rare Earth (USAR) posted Q1 first revenue of $5.70M from its Less Common Metals UK subsidiary and secured a $1.6B Department of Commerce CHIPS funding package.
- China controls every step of the rare earth supply chain from mining through magnet-making, and building domestic U.S.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and MP Materials wasn t one of them.
China Against Everybody: The New Geopolitics of Rare Earth Elements Pool / Getty Images News via Getty Images David Beren Mon, May 25, 2026 at 4:01 AM GMT+7 5 min read MP UUUU USAR NVDA Quick Read MP Materials (MP) reported Q1 2026 revenue of $90.65M, up 49% year over year, with Nd Pr production hitting a record 917 metric tons and a Department of Energy price protection agreement generating $42.3M in specialized income. USA Rare Earth (USAR) posted Q1 first revenue of $5.70M from its Less Common Metals UK subsidiary and secured a $1.6B Department of Commerce CHIPS funding package. Energy Fuels (UUUU) operates the only domestic conventional uranium mill and processes monazite for rare earth oxides, avoiding the radioactive byproduct hurdles that derailed competitors.
China controls every step of the rare earth supply chain from mining through magnet-making, and building domestic U.S. capacity is described as an impossibility overnight, forcing American companies to pursue multi-year permitting and commissioning timelines while competing against Beijing’s consolidated advantage.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and MP Materials wasn t one of them. Get them here FREE.