Tag: $MP Materials

Rare earth prices hit two-year peak after MP Materials stops China shipments

Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials (MP.N), stopped raw material exports to leading magnet maker China amid rising demand.

MP Materials Stock Soars 40% on Defense Department Agreements for Rare Earth Magnets

The Department of Defense struck agreements with MP Materials to accelerate the build-out of the country’s rare earth magnet supply chain and reduce foreign dependency, the company announced Thursday.