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-0.00257776250214811 -0.00532737583777285 -0.0036088675030074 -0.00326516583605439 0.0036088675030074 0.00189035916824196 -0.000508678467090601 -0.00154665750128894
Stock impact report

MP Materials Texas Magnet Bet Tests Promise Of Integrated US Supply Chain [Yahoo! Finance]

MP Materials Corp. (MP) 
Company Research Source: Yahoo! Finance
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. MP Materials announced a $1.25b investment in a rare earth magnet manufacturing campus in Northlake, Texas. The facility is positioned to be one of the largest rare earth magnet plants globally, with backing from the U.S. Department of Defense. The project is expected to support over 1,500 jobs and is tied to long term demand agreements with defense and corporate customers. For investors watching NYSE:MP, this move comes with the stock at $58.66 and a 1 year return of 146.8%, alongside a 63.8% return over 3 years. Over the past month the shares show a 7.5% decline, following a 6.7% gain year to date. This highlights how active the trading backdrop has been around the name. MP Materials is positioning itself as a key part of a fully domestic rare earth supply chain, from resource to finished magnet. For investors, the Northlake project Show less Read more
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