Strategic Materials

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MP Materials - >>> 3 Top U.S. Stocks to Watch in April


Motley Fool

By Scott Levine

Apr 6, 2022


https://www.fool.com/investing/2022/04/06/3-top-us-stocks-to-watch-in-april/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article


Headquartered in Nevada, MP Materials owns and operates Mountain Pass Rare Earth Mine and Processing Facility in California. Wait. Isn't that the Golden State? Yes, it is, and if this were the 1800s, we'd be talking about that yellow metal, but today, in 2022, we're focused on rare earth metals, indispensable materials found in electric vehicle (EV) batteries, wind turbines, and a variety of military applications, such as guidance and control systems. MP Materials contends that "Mountain Pass is one of the richest deposits of rare earth elements in the world," and the company argues, consequently, that it's the largest producer of rare earth materials in the Western Hemisphere.

MP Materials is of particular interest this month after last week's news that President Biden intends to invoke the Defense Production Act to shore up the country's supply of materials used in EVs. According to the United States Geological Survey, China is the predominant source of rare earth metals. In 2021, for example, China's 168,000 tons of rare earths production represented 60% of global production. With geopolitical tensions running high, MP Materials affords the U.S. the unparalleled opportunity to help secure the nation's supply of rare earth metals.

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