Shares in MP Materials (NYSE: MP) rose by 12.3% after a BMO analyst upgraded the stock to “buy” with a $75 price target. The recent partnership with the DoD and Maaden for a rare-earth refinery in Saudi Arabia is seen as enhancing long-term fundamentals. MP Materials’ strategic importance in securing a domestic supply of rare-earth materials is reinforced.

While MP Materials faces political and execution risks, its future looks promising. The company benefits each time the trade conflict with China, a dominant player in the rare-earth market, intensifies. Consider the potential for growth before investing in MP Materials. The Motley Fool Stock Advisor has identified 10 other stocks with high potential for returns.

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Read more at Nasdaq: Here’s Why MP Materials Stock Surged Higher This Week