USA Rare Earth, Inc. (USAR) has commissioned its hydrometallurgical demonstration facility in Wheat Ridge, Colorado, set to begin producing commercial-quality separated rare earth oxides by Q3 2026. The facility, which will support multiple sources of material including the Round Top project, is a critical step in establishing a rare earth supply chain outside of China. The company has secured up to $1.6 billion in funding from the U.S. Department of Commerce, along with a $14.2 million grant from Texas to support its development projects.
Teck Resources Limited (TECK) is merging with Anglo American plc to become one of the world’s leading copper producers, targeting an annual output of 1.2 million tons of copper, with projections of 1.35 million tons by 2027. The Zafranal project is expected to produce an average of 126,000 tons of contained copper annually in its early years, while the San Nicolás project anticipates 63,000 tons of copper and 147,000 tons of zinc per year.
In Q1 2026, USAR reported an increase in selling, general, and administrative expenses to $21.2 million from $7 million year-over-year, while TECK’s zinc production declined to 120 thousand tons due to lower grades, down from 137 thousand tons in the prior year. USAR is projected to experience losses of 35 cents per share in 2026, while TECK is expected to report a profit of $3.35 per share in the same year.
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