EV play with a decent upside potential.

MP Materials is not your average boomer mining company. It owns and operates only rare earth mining site of scale in the western hemisphere. Imagine, the strategic advantage of an oil supplier when the first internal combustion engines came out. MP is also poised to have the same sort of importance to the EV industry.    Catalyst #1 :The rare earth minerals markets is poised to reach around $2 Billion in the next 5 years with majority of the market coming from cerium, lanthanum, and NdPr. which also make MP mine's primary products  Catalyst #2 : President Biden also revealed a plan to invest $2 Trillion dollars on a green infrastructure plan focused on EVs which also should benefit MP Catalyst #3 :The company has successfully raised $1B+ to finance to build infrastructure for producing downstream rare earth products, like magnets for EV drivetrains. Catalyst #4 :MP got caught in the steep selloff in the SPAC EV & FANG stocks ,but most of its competitors remain flat, thus having more upside in the recovery.   If the stock holds support at $27.80, we should probably see it visit the local highs at $37.00.Markets are little bit spooked because of talks to increase the capital gains tax , so in the short term we could see some volatility before establishing a clear trend.