Take a look at MP Materials (MP), a rare earth company out of Nevada. China just said it would “enforce export restrictions on certain rare minerals essential for the production of semiconductor chips,” as noted by Street Insider.
“Starting from August 1st, the Chinese Ministry of Commerce announced that the exportation of germanium and gallium metals will require exporters to obtain licenses from the ministry. China said this measure has been deemed crucial to safeguard national security and protect the nation’s interests,” they added.
If China starts to restrict other rare earths, MP Materials could also see higher highs.