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Nov 7, 2025 12:30 PM

'We Don't Have Enough Capacity,' USA Rare Earth CFO Admits — Magnet Demand Locked Into 2033

USA Rare Earth Inc.'s (NASDAQ:USAR) CFO just dropped a reality check that sent ripples through the critical minerals space. "We don't have enough capacity to supply demand for 2026… our demand curve goes out to 2033," Rob Steele said on the company's third-quarter earnings call. His words said more about market tightness than any slide deck could.

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Magnet Line One Nears Launch, Line Two Already Loading

The company is on track to begin commercial-scale magnet production in the ...