JPMorgan analyst Bill Peterson says shares of MP Materials (MP) traded lower after Reuters reported last night that the Trump administration is “stepping back” from plans to guarantee a minimum price for U.S. critical minerals projects amid a lack of congressional funding. However, in a post on X, MP rebuked the report as “inaccurate, misleading and inconsistent with the facts,” noting that its deal with the Department of Defense is binding and remains in force, including the price floor, the analyst tells investors in a research note. JPMorgan views any pullback in the stock as an opportunity to buy. It continues to view MP’s investment case as “unmatched,” saying it offers government-backed guaranteed earnings visibility plus potential upside in the coming years.
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