USA Rare Earth, a mining company focused on resources essential to technology but dominated by China, is considering a stock-market listing this year targeting a valuation of over $1 billion, according to people familiar with the matter, The Wall Street Journal reports. Possibilities include partnering with a SPAC or pursuing a traditional IPO.
The potential listing comes as the U.S. and other countries seek to reduce their dependence on Chinese supplies of rare earths and its facilities to turn them into something useful, with a host of companies vying for investor and government dollars. Read more.
