In this episode we discuss MP Materials ($MP) and The Metals Company ($SOAC).
Demand for metal ores, especially rare earths, continues to grow as EVs (electric vehicles) become mainstream. $MP is a traditional rare earth mining operation that is already profitable with ambitions to rebuild a US supply chain. $SOAC instead is a first mover innovating in deep sea mining, scooping up metals from the ocean floor.
Which company has the smartest approach? Is the market big enough for the both of them?
