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Why MP Materials Rallied Today

TheMotleyFool

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Why MP Materials Rallied Today: https://g.foolcdn.com/editorial/images/835169/gettyimages-1493242249.jpg

Shares of rare earths miner MP Materials (NYSE: MP) rallied 8% on Thursday.

MP Materials didn't announce any company-specific news, but the stock has rallied since July, when the U.S. government took a stake in the rare earths miner and refiner.

On Tuesday, it was reported that the Trump administration may take a stake in another miner of critical materials, Lithium Materials (NYSE: LAC). Then today, another report disclosed the government was looking to take strategic equity stakes in other mining companies as well.

Source Fool.com