MP Materials Shares Fall on Reuters Pricing Report as Company Affirms Price-Protection Deal

Overview

• Reuters reported the Trump administration stepped back from plans to guarantee minimum prices for U.S. critical-minerals projects.
• MP Materials rejected the account as inaccurate, saying its binding U.S. Department of War contract, including last year’s Price Protection Agreement, remains in force.
• Shares fell more than 8% in pre-market trading following the Reuters story.
• The Reuters piece attributed any policy hesitation to limited congressional funding and difficulties setting market prices.
• The week featured sharp swings after federal funding for rival USA Rare Earth, even as analysts keep a Strong Buy rating with a $76.13 average target implying about 13.6% upside.