Reported 2 months ago
MP Materials Corp. (NYSE:MP) saw a significant increase in stock price, soaring by 11.73% for a second consecutive day, driven by investor optimism related to China's recent export restrictions on rare earth minerals. As the only US-based producer of these critical materials, MP is anticipated to benefit as industries dependent on rare earth elements might look to non-Chinese suppliers. This surge aligns with a broader effort to enhance domestic manufacturing, following China’s suspension of exports due to geopolitical tensions.
Source: YAHOO