
MAGNET SHORTAGE HITS AUTO AND AIRCRAFT MANUFACTURERS — GOOD FOR RARE EARTH MINER MP MATERIALS
By Nigam Arora & Dr. Natasha Arora Magnet Shortage The headline today has been that U.S. aircraft manufacturers and U.S. car companies are having difficulties because of a shortage of magnets. Magnets need rare earth minerals. Major U.S. Rare Earth Miner MP Materials (MP) is the only U.S. based major rare earth mineral miner. MP Materials saw aggressive buying, moving up over 11% on the shortage of magnets. Over the years, China has been trying to drive MP Materials out of business. Deal With China The future of MP Materials depends upon the deal President Trump strikes with China. 500% Gain If