MP Materials Corp. (MP) shares jumped 8.50 percent, gaining $4.98 to trade at $63.49 on Wednesday after the company announced a new partnership with the U.S. Department of War and Saudi Arabia's Maaden to develop a rare earth refinery in the Kingdom. The agreement supports the newly signed U.S. Saudi framework aimed at strengthening critical supply chains.
The stock is trading at $64.26, compared with a previous close of $58.51 on the New York Stock Exchange. Shares have moved between $60.32 and $66.20 so far today, with volume at about 13.36 million shares.
MP Materials' 52-week range is $15.56 to $100.25.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.