MP Materials owns and operates the Mountain Pass mine and they are the only scaled rare earth element mining company in the entire western hemisphere. This gives them a competitive advantage with the opportunity to restore the rare earth supply chain to the U.S. They own 15% of the global market share which is 75% of the market share outside of China as China owns 80% of this global market share. The materials mined at Mountain Pass are used for many tech products we use every day but more importantly the materials are used to produce several components in electric vehicles which will be a high growth industry over the next few years. They experienced 76% YoY growth in revenue last year and a 159% YoY adjusted EBITDA growth in Q3. They already have nearly $2B of capital invested in state of the art production facilities and have a pro forma net cash balance of over $500M. This stock has been consolidating well the past week at the $28 support level and can breakout to the upside for a test of the ATH at $40.74.