4 ms·
Certainly at $41, a 52 week low, it's a fire sale (hit $100 back in October.
by virtualwhys 2mo ago
Certainly at $41, a 52 week low, it's a fire sale (hit $100 back in October.
- Animats 2mo agoThey're totally at the mercy of world rare earth prices, which are manipulated by China. But they now have some cushion from government and GM funcing.
- virtualwhys 2mo agoCollapse in MP, the minerals sector in general, and every high growth sector in the market is institutional derisking in the face of massive leverage ($1.4 trillion in margin loans), which has triggered an historic collapse in high beta stocks -- nothing to do with rare earth prices, particularly for MP which has guaranteed price floors. So,the big players have taken a wrecking ball to minerals by shorting the sector to oblivion, but will have no problem riding the wave back up once the bottom is in...