MP Materials(US:MP) Zhi Tong Cai Jing·2025-11-11 02:51Core Viewpoint - Deutsche Bank upgraded the rating of MP Materials (MP.US) from "Hold" to "Buy," raising the target price from $68 to $71, indicating a strong investment opportunity for those looking to position in critical minerals and rare earth themes [1] Group 1: Company Performance and Strategy - MP Materials has a clear growth path ahead, supported by the U.S. government's price floor of $110 per kilogram for rare earths, which provides strong price support [1] - The company is strategically positioned in the industry through its expansion in rare earth refining, magnet production, and recycling [1] - The performance in the upcoming quarters is expected to have further upside potential, contingent on the progress of the refining plant projects and the optimization of the Mountain Pass mine development plan in California [1][2] Group 2: Market Expectations and Inventory Management - Recent agreements with the U.S. Department of Defense and the rare earth price floor mechanism have not been fully priced into the market, with many investors not adequately considering this policy support [2] - Current inventory and stock, once converted to sales, will benefit from the $110 per kilogram price guarantee [2] - The company has demonstrated excellent execution over the past few years, from restarting the mine to expanding capacity and producing magnets, maintaining confidence in its future development path [2]