Image Source: Pexels

I am moved to write this article because what started out in 2023 as theory in NFTRH, is now reality. Especially so, given the administration and party in political power.

MP Materials: First Mover

While there have been many instances of benefit to the US critical materials mining industry since Trump took the White House, today (July 10) drove home the point as this news regarding MP Materials (MP), also highlighted in 2023 as a key player in a future new reality, has in essence been semi-nationalized and prioritized by the US government as a closed-loop producer and processor of critical commodities, in this case, Rare Earth Elements.

My post at X on the subject:

The $MP news feels like semi-nationalization. I intro'd this company to the NFTRH universe years ago for this very outcome. It was strategic. We are in the future now. Investors may wish to look afield for baby MPs. They are out there, and not only in REE. pic.twitter.com/RyAgaOMZYj

— Notes From the Rabbit Hole (@NFTRHgt) July 10, 2025

On the announcement noted above, MP is up 44% on massive volume, as of this writing.

(Click on image to enlarge)

But this is not about just one day. While I have traded MP, mostly successfully since 2023, I did not hold the stock until yesterday (the day before this explosion). There is a lesson here. While I had advised in NFTRH last weekend (NFTRH 870) that I was looking to buy the pullback/flag, I almost did not buy it back. Luckily, I decided not to be miserly to try to catch every nickel, adding it just above support. The self-loathing I’d have today had I not bought it back would have been substantial.

A Long-Term Setup

So the lesson is that in the current macro it is best to identify the main themes and trends and make like Old Turkey (from Reminiscences Of A Stock Operator) and sit tight. You can trade yourself right out of a major opportunity. While MP has issued big time news, there are other critical commodity producers and prospectors out there. They require patience, but in light of the MP news, maybe not as much patience as might have been expected.

It’s a global war and strategic asset-grab. First visualized in 2023, but with the current US political environment and its effects on the global political environment, the future is now. That future extends beyond REE into other critical (to varying degrees) commodities and resources like Copper, Uranium, Nickel, Platinum/Palladium (PGM) and even, potentially, Thorium.

If interested, it is time to be studying up on which companies are the most viable in each of those areas, whether they be in production, development or exploration. As for PGM, I prefer to simply buy the metals (e.g. PALL, PPLT, SPPP). But the real levered gains will be in finding the right companies prospecting for and producing these materials. Proof? Well, simply look at MP above.

Final Note

The above is not the writing of a perma-tout, parroting “commodity super cycle” til the cows come home. I believe in managing the markets we have, not the markets we want. So while there are still caveats to the idea of a new multi-year commodity bull (hint: watch the Silver/Gold ratio * primarily, among other indications), you can believe that this is article is written by someone who simply wants to be right, no matter the macro backdrop.

As to that notion, I do believe that subject to one more potential macro liquidity problem **, the future is now.

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