Lates News

On the evening of July 10th local time, the rare earth sector of the US stock market surged, with MP Materials' stock price rising more than 60% at one point and closing up 50.75%. It was reported that rare earth magnet producer MP Materials received a $400 million equity investment from the US Department of Defense to build a new factory, and also secured financing commitments totaling $1 billion from JPMorgan Chase and Goldman Sachs. The company's stock price soared significantly as a result of this news.