U.S. stock market anomaly | Joint venture company MP Materials (MP.US) established with Saudi mining giant Maaden surges over 10%

According to the Wisdom Financial APP, on Wednesday, the stock price of MP Materials (MP.US) rose, and as of the time of publication, the stock had risen by more than 10%, reaching $64.49. In terms of news, the company previously announced that it had partnered with the U.S. Department of Defense and Saudi Arabian state-owned mining giant Maaden to jointly establish a joint venture in Saudi Arabia, planning to build a rare earth refining plant locally. MP Materials stated that this move is a "key step in reshaping the global rare earth supply chain".