Rinehart's New Attack On China's Rare Earth Dominance [Forbes]
MP Materials Corp. (MP)
Company Research
Source: Forbes
key player in a western world response to China's dominance of critically important technology metals. The Lynas interest matches a 5.3% holding in the U.S. rare earth miner, MP Materials, she reported earlier this month. Gina Rinehart building a global rare earth business. (Photo by Matt King/Getty Images) It was the move on MP which prompted my April 9 story ( Rinehart's MP Buy Could Trigger Rare Earths Mining Mega Merger (forbes.com) which focused on what looks like the first steps in a joint Australia/U.S. move aimed at breaking China's grip on rare earths production. Rinehart's move on Lynas was reported to the Australian stock exchange late yesterday in an initial substantial shareholder notice. That filing revealed that Rinehart and her family company, Hancock Prospecting, started buying Lynas shares just before last Christmas with an initial investment of $1.6 million and the latest investment yesterday of $26 million which lifted her Lynas position over the 5% subst
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News
- MP Materials Corp. (NYSE:MP) is largely controlled by institutional shareholders who own 53% of the company [Yahoo! Finance]Yahoo! Finance
- Should You Hold MP Materials (MP) for the Long Term? [Yahoo! Finance]Yahoo! Finance
- MP Materials Corp. (NYSE: MP) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $16.00 price target on the stock, down previously from $20.00.MarketBeat
- Australia's Rinehart takes stake in Lynas Rare Earths, shares jump [Yahoo! Finance]Yahoo! Finance
- Australia's Rinehart takes stake in Lynas Rare Earths, shares jump [Reuters]Reuters
MP
Earnings
- 2/22/24 - Beat
MP
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- MP's page on the SEC website