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Denis Gorbunov's avatar

I did my PhD in physics on rare-earth elements. It's true that they're used in quite a number of applications and that China took over the global rare-earth market. Researchers are striving for new types of permanent magnets that don't contain rare-earth elements to reduce the dependence on China. It's a tough call. Some compounds have comparable properties in limited temperature ranges (either very low or very high), so there's no replacement yet. I kind of understand what the US wants from Ukraine with respect to the deal they've been pushing.

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M. V. Cunha's avatar

Very interesting. Thanks a lot for your contribution, Denis!

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My profile name's avatar

Do you have any guesses as to why MP Materials stock price has been in a downward trajectory while at the same time the rhetoric between China and the United States regarding rare earth materials has been ratcheting up?

It seems counterintuitive.

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M. V. Cunha's avatar

Likely due to the agreement between the U.S. and China.

I believe some Chinese companies are once again allowed to export rare earth elements to the U.S.

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Denis Gorbunov's avatar

I'm not sure (need to do a deep dive) but the financials over the past two years don't look good. Now they're getting better, though, and there's institutional accumulation.

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Sergio's avatar

Great content! Easy to digest despite the complex topic.

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M. V. Cunha's avatar

Thanks a lot for your feedback!

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M V Cunhas Sub stack's avatar

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WattChainTrader's avatar

Excellent article. As always! Btw, I work for an offshore wind turbine manufacturer, as I see you also referred to this industry (and Cadeler separately), feel free to contact me (X might be better, with same profile name). Looking fwd to reading your next analysis and deep dives. Take care

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M. V. Cunha's avatar

Thank you very much for your feedback and availability, it's much appreciated!

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Qurtuba Patrimonio's avatar

Thank you very much for the article, very complete! Any interesting company exposed to rare earths?

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M. V. Cunha's avatar

Thanks Sir! The company I'm researching right now is MP Materials.

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