William Blair：2025年美国稀土独立的数十亿美元代价报告（英文版）

While many rare earth stocks have hit the cover off the ball in recent weeks, we believe there is still material future upside. Continued geopolitical developments and recent major financial institution investment pledges have increased the valuations significantly for all five of our covered companies—American Resources Corporation, Royalty Management Holding Corporation, United States Antimony Corporation, USA Rare Earth, and NioCorp Developments—along with other rare earth equity comp