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MP Materials Makes Parts for EV Engines. The Stock Is Rising.


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Rare-earth element miner MP Materials wants to supply materials for the growing electric-vehicle industry. It’s a unique company in the EV supply chain. Its products don’t go into batteries, they go into the electric motors. That market positioning is attractive to some on Wall Street.

Jefferies analyst Laurence Alexander and Benchmark analyst Subash Chandra both launched coverage of MP (ticker: MP) Wednesday.

Alexander...