US Allies Struggle to Break China's Dominance of Rare Earths [Yahoo! Finance Canada]
MP Materials Corp. (MP)
Company Research
Source: Yahoo! Finance Canada
supply of rare earth minerals critical to high technology has yet to break ground. Most Read from Bloomberg Even when it does, China's dominance of the market — it controls about 70% of output and more than 90% of refining — means that goal will likely remain out of reach. The Texas plant, to be built by Australia-based Lynas Rare Earths Ltd., represents a fraction of billions of dollars in subsidies and loans promised for the production and refining of the minerals in the US and its key allies. For the 149-acre (60 hectares) site, Lynas won more than $300 million in Pentagon contracts. If all goes to plan, it will be operating a plant to process rare earths there in two years. But while national security is a primary driver of the programs in the US and elsewhere, a slump in prices since 2022 is undermining the business case for those projects. That's raising questions about whether this and similar efforts can develop into a supply chain to rival Chinese firms protected by t
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MP
News
- Visualizing Global Rare Earth Metals Production Over The Past 30 Years [zero hedge]zero hedge
- Why MP Materials Stock Popped 11% Today [Yahoo! Finance]Yahoo! Finance
- MP Materials Corp. (NYSE: MP) had its price target raised by analysts at Canaccord Genuity Group Inc. from $23.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- U.S. And Australia Bond To Break China's Rare Earth Stranglehold [Forbes]Forbes
- The Australian Mining Magnate Cozying Up to Trump [Yahoo! Finance]Yahoo! Finance
MP
Earnings
- 11/7/24 - Beat
MP
Sec Filings
- 12/4/24 - Form SC
- 12/4/24 - Form 4
- 12/3/24 - Form 144
- MP's page on the SEC website