MP Materials shares are trading higher after China announced the restriction of germanium and gallium, which has lifted rare earth metals companies outside of China.
Portfolio Pulse from Benzinga Newsdesk
Shares of MP Materials are trading higher following China's announcement of restrictions on germanium and gallium. This has positively impacted companies outside of China dealing in rare earth metals.
July 05, 2023 | 4:07 pm
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MP Materials' stock price is experiencing an increase due to China's restrictions on germanium and gallium, which has boosted the value of non-Chinese rare earth metals companies.
China's restrictions on germanium and gallium have created a favorable market condition for non-Chinese rare earth metals companies like MP Materials. This has led to an increase in the company's stock price.
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