Prins writes a top-down rare-earth policy thesis; the names below are cited as evidence of Washington and its allies funding the ex-China supply chain — not as individual buy/sell ratings (her actual picks are paywalled). "View" reflects how each was framed in the piece. The "At" link opens the article. Research: QT Qualtrim · SA Seeking Alpha · STK Stock Analysis.
| Ticker | Name | Research | View | What she said | At |
|---|---|---|---|---|---|
| USAR | USA Rare Earth | QT · SA · STK · FA | Positive | Announced a $2.8B definitive deal ($300M cash + 126.8M shares) to acquire Serra Verde — building "a global champion" running mine-to-magnet (Brazil mine → Oklahoma magnets); already got a $1.6B Commerce debt-and-equity package in January; combined ~$3.2B liquidity. | read |
| LYC | Lynas Rare Earths | SA · STK · FA | Positive | The roadmap-setter — first company outside China to produce commercial dysprosium oxide (May 2025); Japan has committed to buying 5,000 t/yr of rare earths from Lynas through 2038. | read |
| MP | MP Materials | QT · SA · STK · FA | Positive | The template for the whole strategy — the Pentagon's first rare-earth equity stake started Washington's push; MP is now providing the technical expertise for Saudi Arabia's new rare-earth refinery (Maaden holds 51%). | read |
| RBW | Rainbow Rare Earths | STK · FA | Neutral | Recipient of a $50M U.S. DFC equity stake in its Phalaborwa project (South Africa) on April 19 — one of the two government-backed deals showing how global the ex-China push has become. | read |
| TROX | Tronox Holdings | QT · SA · STK · FA | Neutral | A major component of the April 12 U.S.-Australia $3.5B critical-minerals commitment — A$849M in combined financing for the Tronox rare-earths refinery. | read |
| Serra Verde Group | Serra Verde Group (Pela Ema mine, Brazil) | — | Neutral | USA Rare Earth's $2.8B target — the only producer outside Asia supplying all four magnetic rare earths at scale (incl. scarce separated dysprosium & terbium); ~$550-650M annualized EBITDA projected by end-2027 at full Phase 1. | read |
| Maaden | Saudi Arabian Mining Co. (Ma'aden) | — | Neutral | Holds 51% of Saudi Arabia's new rare-earth refinery (with MP providing technical expertise) — part of the allied parallel buildout of ex-China processing. | read |
"View" reflects how each name was framed in this article (Positive = a funded builder/validator of the ex-China rare-earth chain; Neutral = a target or funded project cited as evidence), not a price rating. Built from the article's free/public portion; Prins's specific recommendations are reserved for Pulse Premium / Founders+ subscribers. Research: QT Qualtrim · SA Seeking Alpha · STK Stock Analysis.
A jargon-free summary of why each name is in the piece. (Plain-language companion to the table above; renders on each ticker's consolidated page.)
USA Rare Earth is trying to build a complete "mine-to-magnet" business that doesn't depend on China. It just agreed to pay $2.8 billion to buy Serra Verde, which owns a working mine in Brazil that produces all four of the rare-earth metals used to make powerful magnets — including dysprosium and terbium, the two that almost nobody outside China can supply. Combined with the company's existing magnet factory in Oklahoma and $1.6 billion of U.S. government backing, this turns it into a one-stop Western alternative to the Chinese supply chain. Prins frames Washington's money behind it as the key signal.
Lynas, an Australian company, was the first business outside China to actually produce the hard-to-make heavy rare earth dysprosium at commercial scale. That proved it can be done off Chinese soil. Japan is now locked into buying 5,000 tons a year from Lynas all the way to 2038 — a long-term vote of confidence that makes Lynas a cornerstone of the allied effort to break China's near-monopoly.
MP Materials is where this whole story began: the Pentagon taking a direct ownership stake in it was the first sign Washington would put government money into rare earths. MP is now exporting its know-how — it's providing the technical expertise for Saudi Arabia's new refinery. Prins uses it as the template the newer deals are copying.
Rainbow Rare Earths is a smaller developer whose South African project (Phalaborwa) just received a $50 million equity investment directly from a U.S. government agency, the DFC. Prins isn't rating the stock; she's using the deal as one of the two examples (alongside USA Rare Earth) of how fast and how globally U.S. capital is now flowing into rare earths outside China.
Tronox is getting a big slice of a U.S.-Australia funding package — about A$849 million toward its rare-earths refinery. Prins cites it to show the allied buildout is real and well-funded: it's not just the U.S. acting alone, but a coordinated push to stand up processing capacity in friendly countries.
Summary derived from the public (free) portion of the Prinsights Substack article for personal study. Not investment advice; the author's specific recommendations are paywalled. © Nomi Prins / Prinsights for source material.