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Benzinga
Benzinga
Business
Vaishali Prayag

USA Rare Earth Jumps On Deal To Supply American-Made Magnets For Enduro's Pipeline Inspection Tools

USA USA Rare Earth Enduro United States Earth USAR
USA Rare Earth

USA Rare Earth, Inc. (NASDAQ:USAR) shares are trading higher on Tuesday after the company announced it will supply American-made neodymium magnets to Enduro Pipeline Services for use in its pipeline inspection tools starting in early 2026.

What To Know: The agreement, formalized through a memorandum of understanding, will see USA Rare Earth's magnets incorporated into Enduro's "smart pigs," advanced devices that use high-powered magnets to collect ferrous debris, detect defects and track locations within pipelines.

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