The Latest Breaking News from MP Materials

A whale with a lot of money to spend has taken a noticeably bullish stance on MP Materials. Looking at options history for MP Materials (NYSE:MP) we detected 15 strange trades.

In another move to make sure it has what it needs to electrify its lineup, General Motors Co. said Thursday it entered into a supply agreement with MP Materials Corp. for the alloy and magnets needed for EV programs.

Mp Materials Corp (NYSE:MP) has signed a definitive supply agreement with General Motor Co (NYSE:GM) to produce alloy and magnets for the automotive giant's EV programs. The financial terms were not disclosed. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors. MP Materials' Texas…

Someone with a lot of money to spend has taken a bullish stance on MP Materials (NYSE:MP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.