MP Materials hit an all-time high of $100.25 on October 14.
It was at $62.72 last I saw. And still up some 150% over the last six months.
From MarketWatch, October 27:
USA Rare Earth’s stock has given up nearly all of its gains since Trump investment talk started. MP Materials, Trilogy shares are also diving.
The possibility of a comprehensive trade deal between the U.S. and China may be lifting the broader stock market, but it has put a damper on a niche sector that has been getting a big boost as tensions increased.
As China flexed its rare-earth muscles, shares of U.S.-based companies in that business soared, as that not only heightened the need to accelerate their growth but also attracted investment from the Trump administration. But now that President Donald Trump and Chinese counterpart Xi Jinping are starting to play nice again, those stocks are pulling back sharply.
How quickly the investor interest around these stocks can come and go can be seen in the chart of the shares of USA Rare Earth Inc. over the past few weeks.
First the stock soared after Chief Executive Barbara Humpton said she was in close talks with the Trump administration, giving investors the impression that the company could be the next one the Trump administration takes a stake in, after it did so with rare-materials peers MP Materials Corp....
....MUCH MORE
A beautiful chart with beautiful annotations:
