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Stock impact report

JPMorgan Maintains Positive Stance on MP Materials Corp. (MP) Ahead of Q4 [Yahoo! Finance]

MP Materials Corp. (MP) 
Company Research Source: Yahoo! Finance
MP Materials Corp. (NYSE: MP is among the 12 Most Promising EV Battery Stocks to Buy Now JPMorgan Maintains Positive Stance on MP Materials Corp. (MP) Ahead of Q4 MP Materials Corp. (NYSE:MP) is among the most promising stocks. TheFly reported on February 13 that JPMorgan raised its price target for MP to $76 from $74 while maintaining an Overweight rating, reflecting an updated company model ahead of the fourth-quarter results. In a significant move, MP Materials Corp. (NYSE:MP) revealed plans on February 26 to build "10X," a massive campus for the production of rare earth magnets, on a 120-acre plot of land in Northlake, Texas. MP Materials' completely integrated U.S. rare earth magnet supply chain, which already consists of mining, refining, metallization and alloying, sintering, finished magnet manufacture, and closed-loop recycling, is intended to be expanded by the 10X plant. The campus is expected to contribute to an annual output of about 10,000 metric tons, with th Show less Read more
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