MP Materials controls one of the only scalable rare earth mines in the U.S. with strategic deals with the Department of Defense and Apple. The stock has seen a 266% increase in value, but its high valuation may leave little room for error. Despite the typical slow growth of mining stocks, MP has become a market favorite with its triple-digit gain. The company’s Mountain Pass mine in California is a crucial asset in the U.S.’s efforts to rebuild the domestic supply chain. MP’s appeal extends to producing high-performance magnets and securing major deals with the Department of Defense and Apple.

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