Australian billionaire Rinehart scoops up big stake in Lynas Rare Earths [Seeking Alpha]
MP Materials Corp. (MP)
Company Research
Source: Seeking Alpha
Review reported Tuesday, prompting speculation that she may emerge as a kingmaker in any potential rare earths merger between Lynas and MP Materials ( MP Hancock has acquired more than 8M Lynas ( OTCPK:LYSCF OTCPK:LYSDY ) shares since last Friday, including 6.6M shares on Tuesday, according to the report. MP Materials ( MP ), which earlier this year held merger discussions with Lynas ( OTCPK:LYSCF OTCPK:LYSDY ), disclosed earlier this month that Hancock had become a significant shareholder. The Australian Financial Review revealed the merger talks between Lynas ( OTCPK:LYSCF OTCPK:LYSDY ) and MP Materials ( MP ) in February, with Lynas later confirming discussions about a bid to unite the two rare earths producers. Hancock Prospecting was disclosed as a minor shareholder in Lynas ( OTCPK:LYSCF OTCPK:LYSDY ) but denied speculation at the time of the report that Rinehart was willing to back a deal between Lynas and MP Materials ( MP Recommended For You Recommended For You
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MP
News
- MP Materials Corp. (NYSE: MP) had its price target raised by analysts at Robert W. Baird from $20.00 to $25.00. They now have an "outperform" rating on the stock.MarketBeat
- MP Materials Corp. (NYSE: MP) had its price target raised by analysts at Morgan Stanley from $13.50 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
- China controls 70% of the world's critical rare earth minerals. Finding an alternative is proving tough—and expensive [Fortune]Fortune
- US Allies Struggle to Break China's Dominance of Rare Earths [Yahoo! Finance Canada]Yahoo! Finance Canada
- US Allies Struggle to Break China's Dominance of Rare Earths [Yahoo! Finance Canada]Yahoo! Finance Canada
MP
Earnings
- 8/1/24 - Miss
MP
Sec Filings
- 9/6/24 - Form SD
- 9/3/24 - Form 8-K
- 8/8/24 - Form 4
- MP's page on the SEC website