Why America’s Biggest Rare-Earth Metals Stock Bounced Back Today

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Shares of MP Materials Corp (NYSE: MP), the company known as Molycorp prior to its recent SPAC IPO, fell nearly 18% on Tuesday when it first announced a big stock and debt offering, then fell almost 9% more when the company revealed the details of how it will be pricing those offerings yesterday.

Today though, the rare-earth miner is bouncing back — and MP Materials stock is up 10.5% as of noon EDT.

Image source: Getty Images.

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