MP Materials Corp. (MP) saw its stock price soar 7.40% during intraday trading on Tuesday, marking a significant upward movement.
The surge appears to be driven by news that former President Donald Trump announced the establishment of a critical mineral reserve, dubbed "Project Vault". The initiative is designed to prevent shortages in rare earth minerals, a sector in which MP Materials is a key player. The announcement has sparked bullish sentiment across the rare earth mining industry, with several related stocks also rising in pre-market and early trading activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.