MP Materials (MP) Stock Skyrockets 380% on U.S. Rare-Earth Push – Boom or Bust?
Company Background & Strategic Importance Figure: Mountain Pass rare-earth mine in California (MP Materials’ principal asset) reuters.com. MP Materials Corp (NYSE: MP) owns and operates the Mountain Pass rare-earth mine in California, the only large-scale rare-earth production and processing facility in the U.S. reuters.com nasdaq.com. The company’s vertically integrated model spans mining, refining, and making magnets: its Mountain Pass site produces neodymium-praseodymium (NdPr) oxides, and its Texas Fort Worth Independence” plant (Stage II/III) is building NdFeB magnet capacity. NdPr magnets are critical to everything with motion” – from wind turbines and EV motors to smartphones and defense systems abc7.com ts2.tech. Rare-earth