The Trump administration's decision to take an equity stake in MP Materials (MP) sent shockwaves through the mining sector. The Pentagon's unprecedented deal with America's largest rare earth producer included a government equity position and a price floor of $110 per kilogram for key magnetic materials. Now investors are wondering which companies might be next in line for similar federal backing.
The rationale is straightforward, as China controls roughly 70% of U.S. rare earth imports, giving Beijing enormous leverage over materials critical to everything from F-35 fighter jets to electric vehicles (EVs) and smartphones.
