Investors Rushed Into These 10 Stocks Today

2. MP Materials Corp. (NYSE:MP)

MP Materials extended its winning streak for a third straight day on Friday, jumping 10.22 percent to close at $21.79 apiece as investor sentiment appears to have been buoyed by the possibility of China relaxing curbs on rare earth minerals exports.

The new policy shift followed mounting calls that curbs on rare earth minerals could disrupt production of several industries, including vehicle manufacturing and semiconductors, which are both heavily reliant on rare earth mines.

According to a report by China Daily, the Chinese government is looking into the possibility of easing controls for such supply chains.

Last month, MP Materials Corp. (NYSE:MP), the US’s only rare earth minerals miner, stopped shipping mines to China for processing after the Chinese government slapped a 125-percent tariff on US imports.

The move essentially halted a major source of revenue for MP Materials Corp. (NYSE:MP), which relied on its Chinese partners to refine rare earth elements for years.