U.S. Stock Movement | MP Materials surges over 10%, skyrocketing 263% since June
On Thursday, MP Materials surged over 10%, skyrocketing 263% since June, closing at $79.25. According to Reuters, four insiders reported that G7 members and the European Union are considering promoting rare earth production through price floors and imposing taxes on certain Chinese exports to incentivize investment. As the only integrated rare earth mining and refining company in North America, the company received a $400 million investment from the Department of Defense to strengthen its strategic position in July 2025
According to Zhitong Finance APP, on Thursday, MP Materials (MP.US) surged over 10%, skyrocketing 263% since June, closing at $79.25. In terms of news, according to Reuters, four informed sources stated that the Group of Seven (G7) members and the European Union are considering promoting rare earth production through a price floor and imposing taxes on certain Chinese exports to incentivize investment. The company, as the only integrated rare earth mining and refining enterprise in North America, received a $400 million investment from the Department of Defense to strengthen its strategic position in July 2025
