Why MP Materials Rallied Today
Shares of rare earths miner MP Materials (NYSE: MP) rallied 8% on Thursday.
MP Materials didn't announce any company-specific news, but the stock has rallied since July, when the U.S. government took a stake in the rare earths miner and refiner.
On Tuesday, it was reported that the Trump administration may take a stake in another miner of critical materials, Lithium Materials (NYSE: LAC). Then today, another report disclosed the government was looking to take strategic equity stakes in other mining companies as well.
Source Fool.com
