Energy Fuels Stock Is Rallying Today: What's Going On?
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Energy Fuels Inc (NYSE:UUUU) shares are trading higher after announcing that its high-purity dysprosium oxide passed initial purity and quality checks from a major South Korean automotive manufacturer for rare-earth magnet production. Dysprosium oxide is crucial for various technologies, including electric vehicles and defense applications. CEO Mark Chalmers highlighted the significance of this milestone due to limited supplies outside China. Energy Fuels shares rose 8.87% to $15.22.
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