NYSE:MPMetals and Mining
MP Materials (MP) Draws Federal Backing, Is The Valuation Gap Too Wide?
Fresh federal action on critical minerals is back in focus after a multi billion dollar U.S. program singled out MP Materials (MP) as a beneficiary of efforts to reduce Chinese supply dependence.
For all the fresh policy support, momentum around MP Materials has cooled in the market, with the share price down 5.49% over the last day and 10.83% over the past 90 days. Total shareholder return has declined 18.58% over the past year but remains strong at 127.08% over three years, suggesting that...