USA Rare Earth has more upside potentialTo be clear, this isn't an argument about preferring a lower-risk, lower-reward option. Instead, it's based on the idea that Freeport-McMoran offers a better expected return than USA Rare Earth, given the potential upside and downside of the stocks. Expand NASDAQ : USAR USA Rare Earth Today's Change ( -1.50 %) $ -0.29 Current Price $ 19.04 Key Data Points Market Cap $4.7B Market cap calculated using publicly traded shares outstanding only. Based on the estimates in the table, USA Rare Earth has significantly more upside potential than Freeport-McMoRan. USA Rare Earth risk considerationsUSA Rare Earth has a significantly more risky path.