Should You Buy MP Materials Right Now?
MP Materials (NYSE: MP) operates one of the few rare earth metal mines and processing facilities in the U.S. -- the Mountain Pass Mine in California. This mine is critical as feedstock for neodymium-iron-boron magnets, which are found in consumer electronics, electric vehicles, and drones, among others.
To put it plainly, no other U.S. company can match in scale what MP Materials does, which is one reason the mining stock jumped 330% on the year. With a big push from the U.S. government, the stock may still have runway ahead.
To understand MP Materials' big moment right now, just look at the larger context. China currently dominates the supply chain of rare earth metals. In 2024 alone, it accounted for about 65% of rare earth mining production. To put that into perspective, the U.S. came in second with a meager 11%.
Source Fool.com
