NYSE:MPMetals and Mining
Assessing MP Materials (MP) Valuation After Its Major DoD-Backed Rare Earth Magnet Expansion
MP Materials (MP) is in focus after committing US$1.25b to its new 10X rare earth magnet campus in Texas, supported by a U.S. Department of Defense offtake deal and planned job creation.
See our latest analysis for MP Materials.
The Texas magnet campus announcement comes after a strong 1 year total shareholder return of 106.22%, even as the 30 day share price return of 3.52% and year to date share price return of 2.24% suggest some momentum has cooled recently.
If this kind of rare earths...