Is MP Materials Overvalued After Its 450% Surge?
MP Materials (NYSE: MP) has seen a phenomenal stock price advance over the past year, with the shares up over 450%! That was largely driven by a price move which started in May and really took off in July. That was when the United States government agreed to invest $400 million in the rare-earth element producer.
There's a lot to unpack here as you try to decide if the rally has gone too far or if there's still long-term value on offer.
MP Materials mines for and produces rare-earth metals. These are vital inputs to modern technology from the cellphone in your pocket to military products, like missiles, which are essential for a country's self-defense.
Source Fool.com
