Topic: How To Invest

Power Growth Investor Hotline – Friday, January 24, 2025

Article Excerpt

MP MATERIALS CORP., $21.57, is a buy. The company, symbol MP on New York, is the owner and operator of the Mountain Pass mine (California), the only significant rare-earth commercial mining and processing site in North America. Rare-earth elements are used in a variety of modern devices and applications: magnets in small and large motors; glass additives and glass polishing compounds; rechargeable batteries; television and computer screens; lighting; X-ray machines; and lasers. This week, the company’s flagship Independence facility in Fort Worth, Texas, commenced commercial production of neodymium-praseodymium (NdPr) metal and trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets. NdFeB magnets—he world’s most powerful and efficient permanent magnets—are essential components in vehicles, drones, robotics, electronics, and aerospace and defence systems. Despite their indispensable role, the U.S. has relied almost entirely on foreign sources for these critical inputs for decades. With commercial NdPr metal production already online and trial production of sintered magnets underway, Independence is poised to produce approximately 1,000 metric tons of finished…