Why MP Materials Stock Popped Again Tuesday

Why MP Materials Stock Popped Again Tuesday

For the second day running, shares of MP Materials (NYSE: MP), a miner of rare earth elements and the company that was once-upon-a-time known as Molycorp, are marching higher. The reason has to do with Morgan Stanley. Yesterday, MP stock got its boost from Reuters, which ran a story highlighting how prices of rare earth elements (also known as rare earth metals) are shooting higher on strong demand for their use in manufacturing electric vehicles.