MP Materials Corp. (NYSE:MP) stock climbed more than 9% Friday as critical minerals stocks rallied and the Materials sector led the broader market higher. The Nasdaq gained 0.31%, while the S&P 500 rose 0.42%.
According to Benzinga Pro, critical metals stocks traded higher after the U.S. Department of Energy recently selected seven projects aimed at expanding critical mineral processing, battery manufacturing and recycling capacity.
The latest funding round aligns with President Donald Trump’s “Unleashing American Energy” executive order.
Materials was the market’s strongest sector Friday, rising 2.09%. MP Materials significantly outperformed the group.
The move comes as Washington seeks to strengthen domestic critical mineral supply chains.
