Should You Buy MP Materials Corp Stock Right Now?

The narrative surrounding MP Materials (NYSE: MP) is wonderful right now. Following two transformative deals with the U.S. government and Apple, the rare-earth minerals company is receiving heavy investment and commitments to purchase materials and magnets (with pricing floor commitments running for a decade).At the same time, the company is expanding its existing magnet-producing facility in Texas while setting out to build a brand-new magnet production facility. So, is this a good time to buy the stock?The positive news is not lost on investors, and the stock is up an incredible 356% this year as of the time of writing. In a nutshell, investors are buying into the idea that MP Materials can solve the problem of sourcing rare earth materials and magnets domestically, thereby reducing dependence on China -- the country that has a practical monopoly on global rare earth magnets. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool