Many have asked me what MP does and what makes it special? So MP owns the only rare earth metals mine for industry, the only one in all of North America. Much beyond electric vehicles... Cramer gave it a super positive forecast. The company is also involved in mining metals such as lithium, a field relevant to batteries for electric vehicles like Nio and similar.
The company announced very good financial results and a high increase in sales a few days ago. MP is the only one involved in rare earth metals mining in the US, while most global activity in this field is done in China, and already today accounts for 15% of the global market.
Its earnings forecast is for an 80.62% annual growth.
Revenue grew by 82.6% in the last year.
https://mpmaterials.com
- Not a recommendation -