---
symbol: "USAR"
name: "USA Rare Earth"
date: 2026-09-29
change_pct: -2.330706558033927
direction: "down"
event_type: "sector_sympathy"
url: "https://perplo.app/why/USAR/2026-09-29"
updated_at: 2026-09-29T13:06:35.929Z
---

# Why USA Rare Earth (USAR) fell 2.33% on September 29, 2026

USA Rare Earth (USAR) fell 2.33% on September 29, 2026 — Commodities selloff drags rare earths lower.

## What happened

Rare earth equities fell in sympathy with a broad commodities selloff driven by easing geopolitical risk, as Iran's chief mediator prepared to meet with negotiators in New York today.

## Why it moved

A de-escalation narrative reduces safe-haven demand and lowers the risk premium across commodities broadly; rare earth demand is also structurally tied to industrial production and Chinese growth, both of which remain…

## Why it matters

Industrial Metals theme has rolled over hard over three months as China stimulus stalled and construction demand softened; this move is part of that broader unwind, with Iran talks removing a near-term tail risk that…

## What would break the thesis

If China pivots to surprise stimulus or construction orders rebound, the structural demand case could re-emerge and override the geopolitical relief; talk failure or re-escalation would also quickly reverse the…

## Sources

- [Iran's Araqchi will meet with mediators in New York today](https://investinglive.com/commodities/iran-s-araqchi-will-meet-with-mediators-in-new-york-today/) — ForexLive

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