Reported 1 day ago
MP Materials' stock has surged after the U.S. Department of Defense announced a $400 million investment, making it the company's largest shareholder. This move is part of the government's strategy to decrease reliance on Chinese rare earth metals, which dominate global reserves and processing. The deal includes long-term commitments for purchasing output, signaling a significant boost for both MP and the domestic rare earth industry.
Source: YAHOO