MP Materials Shares Surge
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strategic rare earth metalsThe Motley Fool
•Business
Business & Economics
MP Materials stock soars 11% after China announces export restrictions on rare earth metals
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65% Informative
China announced restrictions on exports to the U.S. of certain products containing gallium, germanium, antimony, and "superhard materials" MP Materials is arguably America 's leading producer of rare earth ore, which can be refined into rare earth metals.
The company is making progress scaling its operations and shifting its products higher on the value chain.
Analysts see MP as still more than a year away from turning a profit on its rare earths business.
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