Latest news with #MP Materials Corp
Yahoo
4 hours ago
- Business
- Yahoo
MP Materials Corp. (MP): I've Got So Many Emails Saying I Don't Know What I'm Talking About, Says Jim Cramer
We recently published . MP Materials Corp. (NYSE:MP) is one of the stocks Jim Cramer recently discussed. MP Materials Corp. (NYSE:MP) is a rare earth metal company whose shares have been among the best performers on the market in 2025. The stock is up by 273% year-to-date, primarily on the back of a 103.6% gain since early July. MP Materials Corp. (NYSE:MP)'s shares have benefited from the US government's push into rare earth metals after the metals became a thorny issue in trade discussions with China. However, Cramer recently remarked that MP Materials Corp. (NYSE:MP) isn't as big as everyone's making it out to be. This time, he discussed the response he'd received for his remarks: 'I've got more, I don't know what you're talking about emails since like, it's like so many it's great. Because every time I don't know what I'm talking about, I know what I'm talking about. MP Materials, you don't even understand the deal. Well you just tripled, your stock just tripled. I understand the deal. You oughta figure out the deal. You know rare earth. I know rare stock. That's what I know. Yeah, it's not up enough and it's going to be up even more. No. You just hit it out of the. . .park. . .ring the register and have a quarter of your position and move on.' Here are Cramer's controversial remarks about MP Materials Corp. (NYSE:MP): 'MP's not as big as everyone's trying to make it out to be. But it's just so, the Defense Department's in there, Apple's in there, they're gonna get what, look I remember the days when everyone owned Moly. Molycorp. Because that was the predecessor. I remember when Lee Cooper called me and said listen. . .you've got to buy MP Materials because of the whole Moly thing. I said Moly lost billions. He goes yes, so did MP. And that's what's happening. We need more than just that strip. We need more than that part of California. But I'm sure that we're gonna do it. It's a different world. We've got such religion again.' While we acknowledge the potential of MP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
MP Materials (MP) Hits New All-Time High As Pentagon Pledges Multi-Billion-Dollar Backing
MP Materials Corp. (NYSE:MP) is one of the . MP Materials soared 50.62 percent on Thursday to hit a new high after sealing a multi-billion-dollar deal with the Department of Defense (DOD) to ramp up the production of rare earth minerals in the US. At intra-day trading, MP Materials Corp. (NYSE:MP) touched a new 52-week high of $48.01 before paring gains to end the day just up by 50.62 percent at $45.23 apiece. In a statement, MP Materials Corp. (NYSE:MP) said that part of the agreement will see the construction of a new magnet manufacturing facility—to be called the 10X Facility—at a soon-to-be-chosen location, to serve both defense and commercial customers. The company secured a $1-billion loan from JPMorgan Chase Funding Inc. and Goldman Sachs Bank USA for the site development, which is set to be fully operational in 2028 and boost rare earth minerals production to 10,000 metric tons. Additionally, the DOD and MP Materials entered into a 10-year agreement where the government agency agreed to ensure that 100 percent of the magnets produced will be purchased by the defense and commercial customers, and that profits will be shared. Heavy machinery at work in a mining facility, excavating the earth for rare earth minerals. Both parties also established a floor price commitment of $110 per kilogram for NdPr products stockpiled or sold. Lastly, the DOD acquired worth $400 million of MP Materials Corp.'s (NYSE:MP) newly-created preferred shares convertible into common stocks, and a warrant permitting the government agency to purchase additional shares of its common shares. While we acknowledge the potential of MP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Pentagon Buys Rare Earths Stake to Tackle China's Dominance
(Bloomberg) -- The US made its biggest move yet to push back against China's weaponization of rare earths, with the Pentagon buying into a key American producer to secure supply of magnets critical for military and other applications. Singer Akon's Failed Futuristic City in Senegal Ends Up a $1 Billion Resort Why Did Cars Get So Hard to See Out Of? Are Tourists Ruining Europe? How Locals Are Pushing Back Can Americans Just Stop Building New Highways? How German Cities Are Rethinking Women's Safety — With Taxis The Department of Defense agreed a $400 million equity investment in MP Materials Corp., the company that revived a dormant mine in California. Together with $1 billion in funding from JPMorgan Chase & Co. and Goldman Sachs Group Inc., the commitment will fund a major new plant making rare-earth magnets. MP's shares soared as much as 60% in New York, while other rare earths firms also spiked on the prospect of government underwriting for the industry. Australia's Lynas Rare Earths Ltd., which is building a refinery in Texas, rose as much as 20% — the most in more than five years. 'The scale of the US commitment underscores the strategic importance of rare earth magnets, and directly counters China's rare earth dominance,' Jefferies LLC analysts wrote in a note. The US has long been reliant on China for rare earths — something the Asian country used to its advantage in responding to the trade war initiated by President Donald Trump. China leveraged its dominance of the supply chain to retaliate against American tariffs with export controls, adding impetus to US efforts to build up a domestic alternative. China produces about 90% of the world's rare-earth permanent magnets, tiny but powerful products that are used in cars, wind turbines and fighter aircraft. Ford Motor Co. had to cut output at one of its plants after Beijing's moves, and the curbs have deepened tensions with the European Union. MP Materials operates the sole US rare earth mine at Mountain Pass in California, and is already developing a magnets factory. The new funding will support a second magnet manufacturing plant, called the 10X Facility, at a 'soon-to-be-chosen' location, the company said in a statement. New Baseline With the purchase of a 15% stake, the Pentagon will become MP's largest shareholder. The Pentagon also agreed to purchase any of the plant's neodymium-praseodymium products at a floor price of $110 per kilogram. The new facility is expected to begin commissioning in 2028, the company said, and will boost US magnet output to 10,000 tons a year. 'While critics argue such intervention may distort markets, US policymakers view it as correcting an already distorted system,' Jefferies said. 'This framework could become the new baseline for rare earth economics in the West, spurring further investments across the supply chain.' The direct participation of the Department of Defense, together with the supply arrangements, potentially opens up a new era for rare earths and other critical minerals industries. 'I think its a pretty unprecedented situation and I think that this is obviously a very unique circumstance,' Jim Litinsky, the CEO of MP Materials, said in an interview with Bloomberg Television. 'DoD and the administration realize that we've got to look at the supply chain holistically, and hopefully this is a model for future other scenarios where we have strategic industries that we have to return.' --With assistance from Joe Deaux and Paul-Alain Hunt. (Updates throughout to include additional context and comments from Jefferies and MP Materials) Trump's Cuts Are Making Federal Data Disappear Will Trade War Make South India the Next Manufacturing Hub? 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom Soccer Players Are Being Seriously Overworked ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
10-07-2025
- Business
- Bloomberg
Pentagon Invests in Rare Earth Magnet Producer to Back New Plant
Rare earth magnet producer MP Materials Corp. secured a $400 million equity investment from the US Department of Defense to build a new plant, with a $1 billion financing commitment from JPMorgan Chase & Co. and Goldman Sachs Group Inc. The shares soared. The operator of the US's sole rare earth mine in Mountain Pass, California, will construct a second magnet manufacturing plant, called the 10X Facility, at a 'soon-to-be-chosen' location, the company said in a statement. It jumped almost 50% in pre-market trading.
