Ramaco Resources (METC) stock surged 36.67% Thursday to $15.99 on a published report the coal mine might contain $37 billion worth of rare-earth minerals.The Sheridan, Wyo., mine could be the first new discovery of rare-earth elements in the U.S. since 1952 - and the...
Ramaco Resources stock surged 36.67% Thursday to $15.99 on a published report the coal mine might contain $37 billion worth of rare-earth minerals .
The Energy Department, augmenting its data with artificial intelligence, found numerous important minerals — neodymium, praseodymium, dysprosium, terbium, gallium and germanium — on owner Randall Atkins’ 16,000 acres. The finding is significant, as the U.S. is seeking to procure rare-earth supplies outside of China for critical parts in its clean energy gamble on EVs and offshore wind turbines.
China holds all, if not many, of the cards in the EV and alternative energy race because of its vast supply of rare minerals.
Ramaco Resources METC Stock Coal Mine Rare-Earth Minerals Discovery Sheridan Wyoming Energy Department Artificial Intelligence Neodymium Praseodymium Dysprosium Terbium Gallium Germanium
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