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Shenghe Resources is currently MP's principle source of revenues and is the sole buyer of MP’s rare earth concentrate, which they send to China for processing.
This will not end well...
https://qz.com/1971108/chinese-rare-earths-giant-shenghe-is-building-global-alliances/?utm_source=YPL
We should be at a much higher SP, waiting on a huge run.
The leader of this sector in the US. Thats big right now
MP is about to explode??
https://www.rt.com/business/515674-china-rare-earths-ban-us/
Yes, an American company indeed. However, the military's concern should be heeded.
The CEO of MP was interviewed by Cramer he called it an American company in competition with the Chinese.
The U.S. Department of Defense awarded funding in late April to MP for a facility to process heavy rare earths. However, that decision was put on hold pending "further research," according to the Pentagon because MP Materials is almost one-tenth owned by a Chinese company, Shenghe Resources...
..anyone have an update to this? I'm waiting to dip my big toe in but PRC's 8% ownership is concerning.
I wouldn’t be surprised to see someone try to buy this company. It seems like a no brainer to me. For someone like Tesla it’s chump change.
So now with General Motors planning on being Carbon neutral by 2040, the battery power issue is really going to be stronger than ever. Now if I could still be alive in 2040 at 88, I should be able to retire then. LOL
MP is rated an 8 out of 10 on the buy chart. Rare Earth Materials now only coming from this one location is the US will send this up even farther in a matter of time. I drive by this mining facility every time I go to Las Vegas and there is a lot going on when I drive by. Seems to be a lot of stock piling happening. We shall see.
Yes that is so true.
Biden wants to have the U. S. An independent producer of all products. Well having the rare earth elements to produce batteries in our country instead of China is good place to start.
There will be those that try to bring MP down to jump into buying lower priced shares. All one has to do, is just think about where the Battery Sector is going these days. From better batteries in cell phones and for automobiles. Not only better, but more of them will be produced. At some point, there will be a drop in battery station. Instead of paying for gas or waiting for the battery to be charged, just pull in and attendant with exchange the battery for one that is fully charged and away we go.
Think ahead in time.
Lynas news today good for sector imo.. MP$...
hahahaha....
let's hit 40 first.
cheers
hahahaha.... hammertime
nice day so far
cheers
Magnets are highly needed and more needed in hydrogen vehicles. Think bout that y’all.
This is a $1000 stock.
WOW!, so lucky..now up $5 since yesterday, climbing.. MP$...
Back in Molycorp $28.40.. MP$...
one day they are going to be digging that hole and........
cha-ching --- the mother lode of product
hahahaha
cheers
Got Fortress run..missed $30-$40..now great pullback opportunity..$28ish MP$...
Hitting off that $30 mark pretty hard!
Iv been waiting for a day like this! People just giving shares away. Grabbed a huge chunk in the 29s.
Stocks go way up like $MP, and they go down, be there! This is a Monster, it did not falter $30 too much but held it, bought $30.55 today!
Personally with where the need of Battery Power that is now being used, MP is sitting pretty and most any price one can get in. I see MP in 2021 hitting somewhere near $50+ a share. Battery power used for most things now days. As the demand for battery power continues to climb, so will the manufacturing and mining of items needed to produce batteries. And, now with Apple claiming they are into a battery operated car, who knows where this goes. At some point, auto manufactures will figure out how to make a drop in battery so it's like stopping at the local gas station for gas. Just charged for the recharging of the battery being dropped in. As quick as pumping gas at the pump and no need to wait hours for recharging time.
A friend of mine used to go tent camping. But had to quit as he needs to use a CPAP machine. But with the battery pack that is on the market now, he can once again go tent camping and plug the CPAP machine in the battery pack. Even the new administration coming into office has stated "the are into clean energy" and that should lead to the call for higher battery wants and needs. GO MP!
down like 20% in 2 trading days?
thoughts
future looks bright or dark and cloudy?
I have MP, I just found out arec rare earth, EV battery stock ringing NASDAQ bell today.
https://finance.yahoo.com/news/american-resources-corporation-ring-nasdaq-133000342.html
Options are up 500%. With that said this company only has access to the lower end rare earths not the rare earths that are a national defense priority.
Added some more on the dip today. Gonna do the same on Monday! This one's gonna be huge in 2021!
Have a 26.26 avg, will average in higher, but not here at these prices, this is a will be a Monster play, just need some more in the low 30's, has, not sure if that will happen, but on the Bid
Not me! I'm hoping for a higher push. Flippers seem to be in the mix now.
Hoping for a nice pullback
Hello $40 oh how I’ve been patiently waiting....$$$$$
Only going higher, imo, longer hold but great play
Totally agree. Just don't understand why sellers are asking less than what the high was already today.
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