America's answer to China's rare earth monopoly with billion-dollar support from the Pentagon and Apple!
MP Materials is on track to break China’s rare earth monopoly in the coming years!
Pentagon and Apple as major customers within a week – MP Materials is building an unbeatable foundation for sustainable growth!
Reading Time: 1 minute
As a TrendScout, I see MP Materials as one of the most exciting turnaround stories in the commodities sector (specifically in the rare earth segment). The company has already invested over $1 billion in infrastructure and controls Mountain Pass, the largest rare earth mine in the Western Hemisphere. The breakthrough came last week: the Pentagon will become the largest shareholder with hundreds of millions of dollars and guarantees purchase agreements as well as minimum prices. The planned magnet production will increase from 1,000 to 10,000 tons...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
