What Made Analysts Set a Buy Rating on MP Materials Corp. (MP)? [Yahoo! Finance]
MP Materials Corp. (MP)
Company Research
Source: Yahoo! Finance
Rare earth elements (REEs), which refers to 17 metals that are similar chemically, are surprisingly abundant in Earth's crust. However, their dispersion and geochemical properties make them difficult and expensive to extract, leading to them being called "rare." REEs are important for a vast range of technologies, earning them the nickname "vitamins of modern industry." Apart from being irreplaceable for clean energy and consumer electronics production, REEs are also strategic for defense and aerospace engineering, the production of aircraft, missiles, satellites, and communication systems. Hence, it is no wonder that the global rare earth metals market is valued at an estimated $ billion in 2024. Analysts project this market to experience steady growth, reaching $8.63 billion by 2031. This is equivalent to a compound annual growth rate (CAGR) of 6.2% over this period, indicating a promising future for the industry. China has been dominating the rare earth metals market for dec
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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