Rare earth minerals, and the companies that mine for them, are a critical but often overlooked industry. They include neodymium, thulium, lutetium, and are used in batteries and other cutting-edge technology. Headquartered in Las Vegas, MP Materials (MP) is the largest producer of rare earth materials in the Western world and operates the only rare earth materials mining and refining site in the U.S.
Thanks to reports that President Donald Trump is seeking to boost U.S. production of these materials, MP stock has been on the move.
