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Stock impact report

As the U.S. invests in rare earths, a mine that was broke and underwater 10 years ago is now a game-changer [CBS News]

MP Materials Corp. (MP) 
Company Research Source: CBS News
Since taking over the rare earth industry from the United States in the 1990s, China has dominated the entire supply chain. That includes the mining, processing and especially the making of super-powered magnets using these elemental metals, which are essential components inside smartphones, robotics, fighter jets and drones. When President Trump enacted his tariff plans in April 2025, China responded by restricting sales of some rare earth elements and magnets to the U.S. – and requiring companies to file detailed disclosures for how they would be used. "As it stands today, we need permission from the Chinese government to make things. We need permission from the Chinese government to make military things," Litinsky said. "The practical reality is, that is not an acceptable condition." What are rare earths and where are they in the U.S. Despite the name, rare earths aren't rare; what's actually rare are sites with high enough concentrations of rare earths, and accessible enoug Show less Read more
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