Trump Boosted INTC and DELL: Now He Says ‘Do Magnets’—Are MP and USAR Stocks Next?
benzinga_article·
- President Donald Trump urged domestic producers to focus on manufacturing rare earth magnets to reduce reliance on foreign supply chains.
- The U.S. government backed this directive with multi-billion-dollar investments, securing significant equity stakes and offtake agreements in MP Materials and USA Rare Earth.
- Investors are evaluating whether these rare earth companies will experience market rallies similar to previous federally backed tech stocks.