Jim Cramer recently discussed MP Materials Corp. (NYSE:MP), an American rare earth metals company. Trade tensions between the US and China have boosted its shares by 288% year-to-date, with a 112% gain in July. The firm’s partnership with the Pentagon ensures a reliable source of rare earths for national security.
MP Materials Corp. (MP) is getting attention for its strategic value in rare earth minerals, with the Defense Department investing in the company. This move aims to reduce US dependence on China for essential materials. President Trump’s recent 50% tariff on copper highlights the importance of securing domestic resources.
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