---
symbol: "USAR"
name: "USA Rare Earth"
date: 2026-11-11
change_pct: 12.99266104919814
direction: "up"
event_type: "contract_deal"
url: "https://perplo.app/why/USAR/2026-11-11"
updated_at: 2026-11-11T18:07:28.988Z
---

# Why USA Rare Earth (USAR) rose 12.99% on November 11, 2026

USA Rare Earth (USAR) rose 12.99% on November 11, 2026 — Army term sheet with REalloys builds US rare-earth supply.

## What happened

USA Rare Earth signed an Army term sheet with REalloys for a 75-year arrangement aimed at building a domestic rare-earth supply chain. The term sheet, not a finished contract, is what sparked the move.

## Why it moved

A long-dated, Army-backed offtake framework gives investors a credible domestic demand anchor in a market still dominated by China. That lifts expectations for US rare-earth capacity, which is why the stock jumped 10.8%.

## Why it matters

This sits inside the Industrial Metals theme, where the core question is whether Western governments can build processing and supply chains that bypass Chinese dominance.

## What would break the thesis

The term sheet could lapse, or financing and permitting could stall the project. Either outcome would remove the demand anchor that the rally is pricing in.

## Sources

- [The 75-Year Army Deal That Could Reshape America's Rare Earth Supply](https://oilprice.com/Interviews/The-75-Year-Army-Deal-That-Could-Reshape-Americas-Rare-Earth-Supply.html) — OilPrice
- [Myanmar lobbies US to invest in its rare earths sector, dominated by China](https://www.investing.com/news/commodities-news/myanmar-lobbies-us-to-invest-in-its-rare-earths-sector-dominated-by-china-5018261) — Investing.com
- [China October rare earth exports jump 2.7% from prior month](https://www.investing.com/news/commodities-news/china-october-rare-earth-exports-jump-27-from-prior-month-5014019) — Investing.com

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