Rare earth stocks went through an investor frenzy in 2025

This year, valuations have relaxed

Down from 2025 highs:

• Ionic Rare Earths | $IXRRF: -80%

• Critical Metals Corp | $CRML: -74%

• Northern Minerals | $NOURF: -74%

• Australian Rare Earths | $ar3.ax: -71%

• American Rare Earths | $ARRNF: -67%

• Appia Rare Earths & Uranium | $APAAF: -67%

• USA Rare Earth | $USAR: -63%

• Mkango Resources | $MKNGF: -56%

• Hastings Technology Metals | $HSRMF: -54%

• MP Materials | $MP: -52%

• Ucore Rare Metals | $UURAF: -51%

• Defense Metals | $DFMTF: -44%

• Meteoric Resources | $METOF: -40%

• Rare Element Resources | $REEMF: -36%

• Arafura Rare Earths | $ARAFF: -35%

• Australian Strategic Materials | $ASMMF: -35%

• Energy Fuels | $UUUU: -33%

• Brazilian Rare Earths | $BRELY: -30%

• Iluka Resources | $ILKAF: -27%

• Aclara Resources | $ARAAF: -24%

• Neo Performance Materials | $NOPMF: -23%

• Rainbow Rare Earths | $RBWRF: -19%

• Lynas Rare Earths | $LYSCF: -12%

• Lindian Resources | $LINIF: -1%