Should You Buy MP Materials Stock Right Now?
When it comes to rare earth elements, China is constantly reminding markets who controls the spigot.
Indeed, over the last few weeks, Beijing has signaled tighter constraints around exports and processing equipment related to rare earth metals. In response, Washington and allies have stepped up efforts to shore up domestic supplies. Last week, for instance, the U.S. and Australia announced a critical-minerals deal that could reduce (some) reliance on China.
For companies whose bottom lines rely on rare earth metals, this tension has been nothing short of a headache. For one mining company, however, their scarcity has been a boon for its stock -- MP Materials (NYSE: MP).
Source Fool.com
