MP - 1 Under-the-Radar EV Stock to Buy in 2023
With recent rumors regarding a buyout of Lucid Motors circulating through the investing world, investor interest in the usual suspects of electric vehicle (EV) stocks has been accelerating.
But smart investors know that sometimes it's not the most familiar faces that offer the greatest investment opportunities. That's why EV-focused investors would be wise to consider rare earth metals stock MP Materials (NYSE: MP) to power up their portfolios.
When asked to identify important materials for manufacturing EVs, most people will provide the same response: lithium . But rare earth metals also play a critical role. These metals have particular electromagnetic properties that help systems -- electric motors, drivetrains, and braking to name a few -- in EVs to work more efficiently and ensure greater durability.
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1 Under-the-Radar EV Stock to Buy in 2023