Jim Cramer on MP Materials: “It’s Only Worth $10 Billion, That Doesn’t Make Any Sense to Me”

MP Materials Corp. (NYSE:MP) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Mentioning that they think the stock is a “good buy,” a caller asked for Cramer’s opinion. He replied:

Alright, I like MP Materials. I know a lot of people feel it’s already run, but I’ve gotta tell you, they have the critical materials that we need, and it’s only worth $10 billion. That doesn’t make any sense to me. It’s got a bottom on it because the government basically gave you a bottom. I just say I want you, just hold on to it, okay?

A technical stock market chart. Photo by Energepic from Pexels

MP Materials Corp. (NYSE:MP) produces rare earth materials and magnetic precursor products through its mining and processing operations. During the March 2 episode, a caller asked whether Cramer considers the stock speculative or sees long-term growth potential. He responded:

No, I think it does have long-term… in part because the president has pretty much just said, you know what, we’re not going to let this one go away. It’s too important to the country. Let’s not forget that.

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