MP Materials (MP) Stock Surges 9% as Rare Earth Momentum Builds
TLDR
- MP Materials stock jumped over 9% Friday, trading at $60.16
- The U.S. Department of Energy selected seven projects to expand critical mineral processing, fueling the rally
- MP reported an 89% jump in Q2 2026 revenue and a 51% rise in neodymium-praseodymium output
- Materials was the strongest market sector Friday, rising 2.09%
- Analyst consensus is Buy with an average price target of $71.79
MP Materials (MP) stock climbed more than 9% on Friday, trading at $60.16, as a wave of policy momentum and strong earnings pushed critical minerals stocks higher.
The broader Materials sector led the market, rising 2.09%. The S&P 500 gained 0.42% and the Nasdaq added 0.31%.
The catalyst came from the U.S. Department of Energy, which selected seven projects to expand domestic critical mineral processing, battery manufacturing and recycling capacity. That news landed well with investors already watching the space.
The funding push aligns with President Trump’s “Unleashing American Energy” executive order, which has kept domestic mineral supply chains in focus for much of 2026.
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