Company’s stock rallies on U.S. support to build the 10X Facility as its second domestic magnet-manufacturing plant

Shares of the mining company soared 50% in early trading at $45.10, while the S&P 500 and Dow Jones Industrial Average were flat and down 0.2%, respectively. The agreements includ

MP Materials unveiled a multibillion-dollar deal with the U.S. government on Thursday to boost output of rare earths and help loosen a stranglehold by top producer China on the minerals vital for military applications,