The Latest Breaking News from MP Materials Corp

MP Materials Corp (NYSE:MP) witnessed a surge of 2.59% in after-hours trading on Thursday, after closing the regular session at $45.23, marking a gain of 50.63%.

MP Materials is strategically positioned to capitalize on surging demand for rare earth elements in the expanding electric vehicle market.

Mp Materials Corp (NYSE:MP) has signed a definitive supply agreement with General Motor Co (NYSE:GM) to produce alloy and magnets for the automotive giant's EV programs. The financial terms were not disclosed. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors. MP Materials' Texas…

MP Materials Corp. Common Stock's (NYSE:MP) short percent of float has fallen 17.29% since its last report. The company recently reported that it has 9.51 million shares sold short, which is 7.32% of all regular shares that are available for trading.

MP Materials Corp. Common Stock's (NYSE:MP) short percent of float has risen 18.62% since its last report. The company recently reported that it has 11.17 million shares sold short, which is 8.6% of all regular shares that are available for trading.