Palantir Technologies’ shares were down nearly 5% in Friday’s midday trade after an internal army memo reportedly flagged “fundamental security” problems in a U.S. Army communications system that the company is working on.
Pakistan has shipped its first batch of enriched rare earth elements and critical minerals to the United States, kicking off a $500 million partnership.
Establishes USAR as the Leading Scaled Rare Earth Metal and Alloy Manufacturer Outside of China with Leadership in Samarium, Samarium Cobalt and Neodymium Praseodymium Metals and Alloys
PALM BEACH, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The rising demand for consumer durables such as tablets, laptops, and smartphones is one of the factors driving the consumption of rare earth elements. The demand for these elements in developing economies is estimated to expand rapidly owing to an increase in industrialization, building & construction activities, and various digitization activities by governments in the respective countries. The boost in the demand for electric vehicles (EVs) in Germany, United States, and the U.K. is estimated to surge the consumption of rare earth minerals. Stringent rules on carbon discharges, and increasing concerns about the environment, have augmented the development of non-conventional energy sources, which will further increase the usage of these elements. A report from Fortune Business Insights said that the global rare earth elements market size was USD 3.39 billion in 2023 and is projected to grow from USD 3.74 billion in 2024 to USD 8.14 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period (2024-2032). Asia Pacific dominated the rare earth elements market with a market share of 86.14% in 2023. Moreover, the rare earth elements market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 394.39 million by 2032, driven by the robust pipeline and increasing R&D investment by industry players. Active Companies in the mining industry this week include Apex Critical Metals Corp. (OTCQX: APXCF) (CSE: APXC), NioCorp Developments Ltd. (NASDAQ: NB), MP Materials Corp. (NYSE: MP), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), USA Rare Earth, Inc. (NASDAQ: USAR).
The Trump administration‘s recent move to acquire up to a 10% equity stake in Lithium Americas Corp (NYSE: LAC) has sent shockwaves through the mining sector.
