Energy Stocks Could Be a Slick Trade

TL;DR

Energy Stocks Could Be a Slick Trade US rare earths miner Energy Fuels buys German magnet group for $1.9bn Rare earths producer Energy Fuels will buy Germany's Vacuumschmelze in a $1.9 billion cash-and-stock deal to become one of the world's largest non-Chinese producers of magnets used in the aerospace, defense and renewable energy sectors. U.S.-based Energy Fuels is joining the race to capitalize on efforts by Washington and allies to wean themselves off market leader China, which has curtailed exports of critical minerals as trade tensions with the West have intensified. G7 leaders said last week that they aim to reduce dependence on any one supplier for rare earths and permanent magnets to less than 60% by 2030, with an ultimate goal of 50%.