MP - Why Shares of MP Materials Skyrocketed 41% in 2021
MP Materials (NYSE: MP) finished its first calendar year as a publicly traded company after completing its merger with a special purpose acquisition company , and it was a doozy. Shares of the rare-earth metals miner soared 41% in 2021, according to data from S&P Global Market Intelligence .
In particular, it was the company's strong performance in the second and third quarters of 2021 that contributed most significantly to its rise. Some positive coverage from Wall Street and a deal with General Motors didn't hurt, either, in motivating investors to pick up shares.
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Why Shares of MP Materials Skyrocketed 41% in 2021