<p>七月对稀土和磁铁公司 <strong>MP Materials</strong>(MP 3.39%) 来说是一个重要的月份。根据标普全球市场情报提供的数据，该股票在七月上涨了惊人的 84.9%。此外，截止我写作时，该股票在年初至今的基础上上涨了令人难以置信的 338%。</p>
<h2>为什么 MP Materials 的股票在七月飙升</h2>
<p>七月的这一波动源于一系列事件，首先是与美国国防部签署的变革性合作伙伴关系。</p>
<p>这是一项不寻常的合作关系，根本改变了公司的投资前景：</p>
<ul>
<li>MP Materials 将建设一个国内磁铁制造设施（其第二个），称为&#34;10X 设施&#34;。</li>
<li>国防部购买了价值 4 亿美元的公司优先可转换股票，并拥有额外普通股的认购权。如果行使该权利，国防部可能在交易时拥有公司 15% 的股份。</li>
<li>国防部将向 MP Materials 贷款 1.5 亿美元，以扩大其在 Mountain Pass 的能力，而 <strong>摩根大通</strong> 和 <strong>高盛</strong> 已同意提供 10 亿美元的融资用于 10X 的建设。</li>
<li>国防部将确保&#34;100% 的在 10X 设施生产的磁铁将被国防和商业客户购买，并共享收益&#34;，并将签订一项为期 10 年的协议，保证钕和镨 (NdPr) 产品的价格底线为每公斤 110 美元。</li>
</ul>
<p>正如要点所暗示的，这笔交易有助于确保 MP Materials 的未来，确保现金流，带来融资，并推动公司在向美国提供未来关键稀土材料的供应方面走在前列。</p>
<h2>苹果的介入</h2>
<p>几天后，在七月中旬，MP Materials 宣布与 <strong>苹果</strong> 签署了一项长期稀土磁铁供应协议。这家科技公司承诺购买价值 5 亿美元的在公司德克萨斯州设施生产的稀土磁铁，这将导致该设施的显著扩张。</p>
<p>次日，MP Materials 宣布了一项 5 亿美元的股票发行，由于需求强劲，第二天迅速提高至 6.5 亿美元，所得款项将用于扩建其设施，包括 10X。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjgyNDYvZ2V0dHlpbWFnZXMtMTE0NjY0MjM2MS03MzYweDQ5MTItMTNhMDc0MS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjgyNDYvZ2V0dHlpbWFnZXMtMTE0NjY0MjM2MS03MzYweDQ5MTItMTNhMDc0MS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>MP Materials 的未来是什么？</h2>
<p>该公司受益于其作为唯一运营加州 Mountain Pass 主要稀土矿的运营商，以及在德克萨斯州运营稀土磁铁生产设施（该市场在全球范围内被中国主导）的地位。</p>
<p>显然，它有一个光明的未来，但不太明显的是公司将如何应对扩建设施的执行风险，或者未来美国将会有怎样的管理。任何公私合营的合作关系，按定义都带有政治风险，投资者在投资这家令人兴奋的公司之前需要考虑这一点。</p>

<p>MP Materials 的股票在 7 月份上涨了 84.9%，这得益于与美国国防部的合作，计划建立一个国内磁铁制造设施，即 “10X 设施”。国防部投资了 4 亿美元，并贷款 1.5 亿美元用于扩展，确保了钕和镨产品的价格底线。此外，MP Materials 还与苹果达成了 5 亿美元的供应协议，并通过股票发行筹集了 6.5 亿美元。该公司在稀土市场中占据了关键地位，但面临着执行和政治风险</p>

<p>July was a momentous month for the rare-earth and magnets company <strong>MP Materials</strong>(MP 3.39%). The stock rose a whopping 84.9% in July, according to data provided by S&amp;P Global Market Intelligence. Moreover, as I write, the stock is up an incredible 338% on a year-to-date basis.</p>
<div class="lb-trans"><p>七月对稀土和磁铁公司 <strong>MP Materials</strong>(MP 3.39%) 来说是一个重要的月份。根据标普全球市场情报提供的数据，该股票在七月上涨了惊人的 84.9%。此外，截止我写作时，该股票在年初至今的基础上上涨了令人难以置信的 338%。</p>
</div><h2>Why MP Material stock surged in July</h2>
<div class="lb-trans"><h2>为什么 MP Materials 的股票在七月飙升</h2>
</div><p>The move in July comes down to a series of events starting with the transformative partnership signed with the United States Department of Defense.</p>
<div class="lb-trans"><p>七月的这一波动源于一系列事件，首先是与美国国防部签署的变革性合作伙伴关系。</p>
</div><p>It's an unusual partnership, and it fundamentally changes the investment proposition for the company:</p>
<div class="lb-trans"><p>这是一项不寻常的合作关系，根本改变了公司的投资前景：</p>
</div><ul>
<li>MP Materials will construct a domestic magnet manufacturing facility (its second), known as the &#34;10X Facility.&#34;</li>
<li>The DOD purchased $400 million in the company's preferred convertible stock and has a warrant to acquire additional common stock. If exercised, the warrant could lead to the DOD owning 15% of the shares in the company at the time of the deal.</li>
<li>The DOD is loaning MP Materials $150 million to expand its capability at Mountain Pass, and <strong>JPMorgan Chase</strong> and <strong>Goldman Sachs</strong> have agreed to provide $1 billion in financing toward the construction of 10X.</li>
<li>The DOD will ensure that &#34;100% of the magnets produced at the 10X Facility will be purchased by defense and commercial customers with shared upside,&#34; and will enter a 10-year agreement, guaranteeing a price floor of $110 per kg for neodymium and praseodymium (NdPr) products.</li>
</ul>
<div class="lb-trans"><ul>
<li>MP Materials 将建设一个国内磁铁制造设施（其第二个），称为&#34;10X 设施&#34;。</li>
<li>国防部购买了价值 4 亿美元的公司优先可转换股票，并拥有额外普通股的认购权。如果行使该权利，国防部可能在交易时拥有公司 15% 的股份。</li>
<li>国防部将向 MP Materials 贷款 1.5 亿美元，以扩大其在 Mountain Pass 的能力，而 <strong>摩根大通</strong> 和 <strong>高盛</strong> 已同意提供 10 亿美元的融资用于 10X 的建设。</li>
<li>国防部将确保&#34;100% 的在 10X 设施生产的磁铁将被国防和商业客户购买，并共享收益&#34;，并将签订一项为期 10 年的协议，保证钕和镨 (NdPr) 产品的价格底线为每公斤 110 美元。</li>
</ul>
</div><p>As the bullet points imply, the deal helps secure MP Materials' future, ensures cash flow, brings financing, and propels the company into the forefront of providing the future supply of critical rare-earth materials to the U.S.</p>
<div class="lb-trans"><p>正如要点所暗示的，这笔交易有助于确保 MP Materials 的未来，确保现金流，带来融资，并推动公司在向美国提供未来关键稀土材料的供应方面走在前列。</p>
</div><h2>Enter Apple</h2>
<div class="lb-trans"><h2>苹果的介入</h2>
</div><p>A few days later, in mid-July, MP Materials announced a long-term rare-earth magnet supply agreement with <strong>Apple</strong>. The technology company's commitment to buying $500 million in rare-earth magnets produced in the company's Texas facility will result in a significant expansion in that facility.</p>
<div class="lb-trans"><p>几天后，在七月中旬，MP Materials 宣布与 <strong>苹果</strong> 签署了一项长期稀土磁铁供应协议。这家科技公司承诺购买价值 5 亿美元的在公司德克萨斯州设施生产的稀土磁铁，这将导致该设施的显著扩张。</p>
</div><p>The next day, MP Materials announced a $500 million stock offering, which was promptly raised to $650 million the following day due to strong demand, with the proceeds to be allocated to expanding its facilities, including 10X.</p>
<div class="lb-trans"><p>次日，MP Materials 宣布了一项 5 亿美元的股票发行，由于需求强劲，第二天迅速提高至 6.5 亿美元，所得款项将用于扩建其设施，包括 10X。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjgyNDYvZ2V0dHlpbWFnZXMtMTE0NjY0MjM2MS03MzYweDQ5MTItMTNhMDc0MS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F828246%2Fgettyimages-1146642361-7360x4912-13a0741.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>What's next for MP Materials?</h2>
<div class="lb-trans"><h2>MP Materials 的未来是什么？</h2>
</div><p>The company has benefited from its position as the only operator of a major operational rare-earth mine, Mountain Pass in California, and the operator of a rare-earth magnet production (a market globally dominated by China) facility in Texas.</p>
<div class="lb-trans"><p>该公司受益于其作为唯一运营加州 Mountain Pass 主要稀土矿的运营商，以及在德克萨斯州运营稀土磁铁生产设施（该市场在全球范围内被中国主导）的地位。</p>
</div><p>It clearly has a big future, but what's less obvious is how the company will deal with the execution risk around building out facilities, or even what kind of administration will be in place in the future in the U.S. Any public-private partnership, by definition, carries political risk, and investors need to consider that before investing in this exciting company.</p>
<div class="lb-trans"><p>显然，它有一个光明的未来，但不太明显的是公司将如何应对扩建设施的执行风险，或者未来美国将会有怎样的管理。任何公私合营的合作关系，按定义都带有政治风险，投资者在投资这家令人兴奋的公司之前需要考虑这一点。</p>
</div>

为什么 MP Materials 的股票在七月份大幅上涨了 85%