MP Materials Corp. (MP) saw its stock price surge 5.22% during intraday trading on Thursday. The significant upward movement comes as the rare earth mining company was highlighted in recent news regarding U.S. government investment strategies.

Multiple reports detailed that the Trump administration is awarding $2 billion in grants to quantum-computing companies in exchange for U.S. government equity stakes. The coverage noted that this initiative adds to a string of similar deals where the government has taken equity positions in companies considered critical to domestic supply chains, explicitly naming MP Materials alongside Intel and others.

The mention of MP Materials within the context of these strategic government investments, aimed at securing key industries and countering foreign dominance, appears to have driven increased investor interest in the stock during the trading session.