Opinions
Jim Cramer - Mad Money
MP Materials
MP-N
BUY
Jun 12, 2023
N/A
Stock price when the opinion was issued
Mining
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Our Mission is to restore the full rare earth supply chain to the United States of America. MP Materials owns and operates Mountain Pass, the only integrated rare earth mining and processing site in North America. Our success will drive the onshoring of jobs, national security and a carbon-reduced future. Social media mentions are up 1200% in the past 24h.
Mining
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A rare SPAC that succeeded and he likes. They are in a sector dominated by China, though operating in California. Soared over $60 in March 2022. They make commodities, so are hit by low prices this year. Are still making money. Revenue fell 42% and shares have fallen back to low-$20s. This will recover, but he doesn't know when, given the state of the global economy.