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MP - Why Shares of MP Materials Soared 31% in June
MP Materials Corp Cl A
Rebounding from their 7% fall in May, shares of MP Materials (NYSE: MP) jumped more than 31% in June, according to data from S&P Global Market Intelligence .
Besides the stock's movement being attributable to the bullish stance Wall Street has recently taken toward MP Materials, President Biden's interest in strengthening the U.S. supply chain represented another factor motivating investors to pick up shares last month.