Rare Earth Stocks Crash Up to 75%: Four Companies, Two Clocks, and the Billion-Dollar Gap Between Promises and Profits

Highlights

• Four major rare earth equities have dropped 48–75% from 52-week highs, exposing the gap between geopolitical urgency and industrial execution
• REEx rates Lynas a BUY for proven commercial output and MP Materials a speculative BUY for its emerging U.S. mine-to-magnet platform
• USA Rare Earth trades at ~177× trailing revenue, the highest valuation risk of the four, earning an AVOID/SELL rating from REEx
• Energy Fuels holds transformational potential via the VAC acquisition but faces material transaction, customer-contract, and feedstock risks
• REEx projects 2029–2030 as a more realistic timeline for meaningful Western mine-to-magnet scale, not the 2027 DFARS policy deadline