US Stock Market Move | Rare earth sector strengthened, MP Materials (MP.US) surged over 12%.

On Monday, the rare earth sector of the US stock market strengthened. As of the deadline, MP Materials (MP.US) rose by over 12% to $34.33, and USA Rare Earth (USAR.US) rose by over 9% to $14.47. In terms of news, USA Rare Earth announced a cooperation memorandum with Muge Electric Sports Solution Company, and the two sides will deepen cooperation in neodymium iron boron magnet supply. According to the agreement, USA Rare Earth plans to start commercial production of related magnet products from early next year, with the first batch of products to be directly supplied to Muge company for the research and development of data center key equipment.