This Could Be MP's "Magnet Opus"

North America's main rare earth miner, MP Materials, announced this morning that they entered a long-term agreement with General Motors to supply U.S.-sourced and manufactured rare earth alloy and magnets to power more than a dozen models using GM’s Ultium Platform. 

With about a $7.5 billion market cap, MP may very well have some impressive growth ahead, especially given the stout technicals, seen below on the daily timeframe, updated. This morning's opening gap up on the news is fading a bit. But I am looking to see if the move over $45 generally holds, going forward. 

Looking out to 2022, should the miners, base and precious, receive an inflation-related rotation, I expect MP to outperform given its unique positioning in North America and, obviously, with the rare earth angle.