Loading ...I know everybody has their own way of doing things. But if you want tickers just let me know. We gave away our rare earths long ago to China. Reversal of the past means its important for them coming back.
Here: MP Materials I believe the old Moly Corp they bankrupted after handing off to China to save money, ya know its always mathematically cheaper but realistically more expensive. Everything is a TRICK in the shit hole system.
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Shares of rare earth-focused MP Materials (NYSE:MP) rose as much as 18% in the first 90 minutes of trading on Feb. 16. Although the miner, which only came public via a blank check company in late 2020, is going to be releasing its first quarterly earnings report as a public entity on Feb. 18, there was nothing particularly special about today for MP Materials. But that doesn’t mean that nothing important happened.
As noted above, MP Materials mines rare earth metals. These materials are key ingredients in modern technology products, notably magnets. That may not sound exciting, but without the rare earth metals for which MP Materials mines, a huge number of high-tech products wouldn’t get made. That includes defense products, which is where things start to get interesting.
MP Materials’ primary mine is in the U.S. However, the vast majority of rare earth metals come from China. Over the weekend, prominent news outlets suggested that China was considering export curbs on rare earth metals as a way to apply pressure on the U.S. Even the mention that such a thing is possible exposes a major risk for the U.S. politically, economically, and defensively.
https://www.fool.com/investing/2021/02/16/why-mp-materials-stock-rallied-18-in-early-trading/