ShareMP Materials (NYSE:MP) +7.9% in Tuesday's trading to its highest since January after the Biden administration announced new 25% Section 301 tariffs on imports of permanent magnets and certain critical minerals.MP Materials (MP) said Chairman and CEO James Litinsky will attend a White House event with President Biden later today.The new tariffs "will help level the playing field for domestic producers, giving U.S. industry the time it needs to scale and develop in a manner that aligns with America's vital national interests," MP Materials (MP) said."In the long term, these measures will foster greater balance and resiliency across the global supply chain, ultimately benefiting producers and consumers worldwide," according to the company. QUOTE from article in seekingalpha todayAction in the US picking up , no wonder the large players are doing their homework , ARR will be being watched with great interest with 2 large resources in mining friendly jurisdictions this is just the beginning of a new paradigm for support of stockpiling domestic supply or ongoing processing IMO
