On August 7, MP Materials Corp. rose 6.72% in regular trading, trading at $50.19/share, with turnover of $72.56 million. The stock surged on a confluence of positive catalysts including better-than-expected Q2 results and a high-profile policy event supporting critical minerals.

On the earnings front, MP Materials reported Q2 revenue of $108.5 million, up from $57.4 million a year earlier and well above the analyst consensus of $96.9 million. Adjusted loss narrowed to $0.01 per share from $0.13 a year ago. The company also announced Project Swarm, a new initiative targeting the drone industry, alongside subscription agreements signed with U.S. and allied customers.

On the policy front, President Trump convened executives from major global mining companies including Rio Tinto, BHP, Freeport-McMoRan, and MP Materials at the State Department to secure critical mineral supplies for the U.S. and allies. The government plans to announce multiple deals and memoranda of understanding, with reports indicating urgent need for critical minerals to replenish weapons stockpiles. Sector peers USA Rare Earth rose 5.97% and BHP gained 1.73%.

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