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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Source Fool.com