MP Materials: Geopolitics, Electrification, and High Technology Drive Stock Prices!

MP Materials Corp. (MP) (i.) is the only fully integrated producer of rare earth elements in North America. The core of the company is the Mountain Pass mine in California, one of the richest deposits of rare earths in the world. The shift in focus is noteworthy. In the past, the company primarily earned money by selling raw concentrate to customers (particularly in China) who then processed it further. However, the focus has now shifted to higher-value products and the sale of separated neodymium-praseodymium (NdPr) oxides (with lanthanum and cerium...