$MP Materials (MP.US)$ Man I love this stock. Domestic rare ...
$MP Materials(MP.US$ Man I love this stock. Domestic rare earth material production is a great thing, especially if China ever decides to limit exports to the US or has supply issues. We are already desperate for materials as is, and this goes far beyond just EV supplies, but into crucial areas like medical and defense industries.
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BaseballDad : China has already leveraged their rare earth supply chain to apply pressure on the U.S. to lift tariff crippling China’s economy. So far, Biden is sticking to trump’s plan. We’ll see how this shakes out. On a side note, MP mines material and then ships it to China to be processed. If this company really wants to make things work, they need to find a way to not need China.
USfrozen OP : Mountain Pass is an integrated mining and processing site, and they should have a sufficient separation process by 2022 to not necessitate the export/sale of concentrate to companies with a much more mature process. Fingers crossed that they can hit that estimate, as there are plenty of US corps that are desperate for high purity materials. Cutting out the middleman and the long distance cross world transportation could mean pretty significant profits in the future.
bullybuys : thing is, the same mine went bankrupt for a bunch or reasons. the difference with MP being the DoD and executive branch signaling it as a national intrest. basically promising that this will make profit as at any point they can just decide to go "american" for defence based contracts, etc.