1 Reason to Hold on to MP Materials Stock Right Now

If you made an early bet on MP Materials (NYSE: MP), it has paid off handsomely over the past three months, a time period in which the stock rose a huge 130%. Most of that gain came following big funding news for the rare earth metals producer, which is still in the early stages of its development.With such a quick and dramatic price advance, there's a good reason to consider locking in profits with a sale. But if you are a long-term investor, there's an equally good reason to hold on to the stock.MP Materials mines for and processes rare earth metals. These metals are vital to modern technology, making the cellphones in your pocket work and the missiles that defend your country fly. They are important for everyday life and for those episodes when a nation needs to defend itself. Having a reliable supply of rare earth metals is vital.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool