Shares of MP Materials (NYSE: MP) have fluctuated significantly, falling 18.5% in December before recovering 23.7% in 2026. This volatility is tied to global trade dynamics, especially with China, which controls 90% of the rare-earth magnet market. Key developments include a $500 million partnership with Apple and a public-private partnership with the Department of Defense signed in July.
The easing of trade tensions with China contributed to December’s decline, while the potential for improved relations with resource-rich Venezuela raises speculative interest. MP Materials operates the Mountain Pass rare-earth deposit in California and plans to open a new facility by 2028, which may tap into Venezuelan rare-earth resources that could complement its operations. Investors should prepare for continued fluctuations as geopolitical factors evolve.
