Rising Demand for Rare Earths and Copper and US Policy Support
MP MP Materials Corp
$39.05 +0.26%
View chart & analysis → - 1The US Department of Defense has signed a price protection agreement guaranteeing a floor price of $110 per kilogram for MP Materials' NdPr.
- 2Under the 10-year contract, the guaranteed annual EBITDA for MP's second magnet campus is more than $140 million.
- 3S&P Global analyzed that global copper demand growth could reach 50% by 2040.
So what's the key point?
The US Department of Defense has agreed to protect the price of MP Materials' rare earths above a certain level. This is important news for the company and related markets as copper demand could also increase significantly.
Source The Motley Fool +1 · View original ↗
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