Largest source of rare earth metals in America. Rare earths are a critical input into critical climate change, EVs/battery technologies in general. This company is also likely to receive a lot of government support over time due to massive expected demand for rare earths and to decrease US's reliance on China for rare earth material. In the long term I believe this can go to $100.
It has a fairly obvious support at $28.5 in the descending triangle pattern but I wouldn't panic even if it drops below it. This industry has very strong tailwinds. As they are approaching their next earnings call in March, I expect good forward guidance and a breakout to the upside of the pattern.
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Broke out of descending triangle, will keep holding through their quarterly earnings
Nice bullish flag play! I see this breaking out with earnings, so I'm jumping in late February.
amwkosek
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have they found anyone in this hemisphere to process it ...south americans have standards in enviroment that china does not follow
trilliondollar
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@amwkosek, Not that I know of, but they are working towards re-launching their onsite (North America) processing facilities by 2022 so that they can be self-sufficient and the processing will be sustainable with green technologies.
As of now the MP mines the rare earth but processing is done in China