Is MP Materials (MP) The Best Rare Earth Stock to Buy?

We recently published 10 Stock News You Can’t Miss As Investors Watch AI Trade Momentum. Mp Materials Corp (NYSE:MP) is one of the stock news you can’t miss.

Jordan Blashek from Perimeter Acquisition said in a recent program on Schwab Network that he’s bullish on Mp Materials amid rising demand for rare earths.

“Mp Materials Corp (NYSE:MP) is beginning to onshore American processing and manufacture of rare earth metals and batteries and magnets. And as we think about kind of bringing back onto our shores various sources of materials for batteries, they’re going to be a key input into that. And things like the recent deal with the US Department of Defense is a good indicator of their criticality into that supply chain.”

Mp Materials Corp (NYSE:MP) is up 160% over the past six months. The US relies heavily on China for rare earth minerals. Amid increasing export controls on rare earths by China, the Trump administration is seeking to expand its local rare earths supplies. Earlier this year, the government entered into a deal with Mp Materials Corp (NYSE:MP) after which the Department of Defense will become the largest shareholder in the company.

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Disclosure: None. This article is originally published at Insider Monkey.