MP Materials Stock (NYSE:MP), Trade Ideas

MP Materials

MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America.

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Stocks edged lower during midday trading on Tuesday as traders maintained a cautious stance in anticipation of the highly awaited Consumer Price Index (CPI) report scheduled for Wednesday, which could offer crucial insights into the potential course of actions by the Fed.

Stocks Fall Ahead Of Key Inflation Data, Gold Defends Record Highs; Bitcoin Stumbles Below $70,000: What&#39;s Driving Markets Tuesday?

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Model N, Ducommun, Perpetua Resources And Other Big Stocks Moving Higher On Monday

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Top stories: ISS &amp; Glass Lewis recommend U.S. Steel shareholders approve sale to Nippon Steel. Ascent Industries reports decrease in sales &amp; net loss. Materion expects Q1 sales drop. MP Materials awarded $58.5M to build rare earth magnet facility in U.S.

Proxy Advisors Recommend Sale Of US Steel; Ascent Reports Financial Results; Materion Expects 10% Sales Decline And More: Monday&#39;s Top Mining Stories

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ASA Gold And Precious Metals' Board Of Directors Authorized The Purchase Of Up To 5% Of Company Stock Under The Company's Stock Repurchase Program, To Be Effective On May 1

<p>Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.81 by 9.88 percent.  The company reported quarterly sales of $333.800 million which beat the analyst consensus estimate of $325.913 million by 2.42 percent.  This is a 10.71 percent increase over sales of $301.500 million the same period last year.</p>


Earnings Beats

Forestar Group Q2 2024 GAAP EPS $0.89 Beats $0.81 Estimate, Sales $333.800M Beat $325.913M Estimate

<p>The Alliance allows for the bidding on government contracts utilizing Epic&#39;s small business status while leveraging SSI&#39;s 40+ years of past performance.</p>


Castellum Announces New Strategic Alliance Between Its Subsidiary Specialty Systems And Epic Systems

<p>Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.12 by 15.18 percent.  The company reported quarterly sales of $784.000 million which missed the analyst consensus estimate of $806.371 million by 2.77 percent.  This is a 20.81 percent decrease over sales of $990.000 million the same period last year.</p>


Earnings Misses

Comerica Q1 2024 Adj EPS $1.29 Beats $1.12 Estimate, Sales $784.000M Miss $806.371M Estimate

<p>Needham  analyst Charles Shi   reiterates Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) with a Buy and maintains $168 price target.</p>


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Needham Reiterates Buy on Taiwan Semiconductor, Maintains $168 Price Target

<p>Technical services company <strong>Jacobs Solutions Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) has been chosen as a prime supplier of cyber security <a href="https://www.benzinga.com/pressreleases/24/04/n38307641/jacobs-named-as-supplier-of-cyber-security-services-to-uk-ministry-of-defence" target="_blank" rel="noreferrer noopener">solutions to the U.K. Ministry of Defence (MOD).</a></p>
<p>Jacobs and its specialist suppliers will provide maintenance, design and support of secure system architecture, cryptographic systems and security, including testing and evaluation of technical and non-technical security features.&nbsp; &nbsp; &nbsp;</p>
<p>The contract has been awarded under the Digital and IT Professional Services (DIPS) Framework.</p>
<p>The DIPS framework, procured with assistance from the Crown Commercial Service (CCS), has a potential value of $1.52 billion (£1.2 billion) and runs until November 2027.</p>
<p>&#8220;It reflects our team&#8217;s experience and commitment to supporting the critical needs of the MOD and provides another opportunity for Jacobs to further contribute to the nation&#8217;s defense and security initiatives,&#8221; said Executive Vice President Steve Arnette.</p>
<p><strong>Price Action</strong>: J shares closed lower by 1.39% at $142.97 on Wednesday.</p>


Contracts

Jacobs Secures Contract To Safeguard UK Ministry Of Defence Against Cyber Threats

<p>HC Wainwright &amp; Co.  analyst Scott Buck   maintains AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) with a Buy and raises the price target from $10 to $17.</p>


AEYE

HC Wainwright & Co. Maintains Buy on AudioEye, Raises Price Target to $17

WIIM

Lithium Americas Corp shares are trading lower after the company priced a $275 million public offering.

<p>EV giant <strong>Tesla</strong> has reportedly begun informing affected employees about their severance packages following <a href="https://www.benzinga.com/news/24/04/38307316/after-teslas-cost-cutting-rivian-trims-workforce-again-this-year-amid-profitability-push" target="_blank" rel="noreferrer noopener">the recent layoffs</a>.</p>
<p><strong>What Happened</strong>: Tesla is offering a severance package that includes two months of pay and covers the cost of COBRA health insurance for the same period for affected workers,&nbsp;<strong>Business Insider&nbsp;</strong><a target="_blank" href="https://www.businessinsider.in/thelife/news/tesla-has-begun-sending-out-severance-info-to-laid-off-workers-heres-how-much-theyre-getting-/articleshow/109380266.cms" rel="noreferrer noopener">reported</a>, citing five former employees.</p>
<p>To receive the severance package, workers must sign a contract that prohibits any lawsuit or public defamation of the company, among other things. The contract must be signed within five days of receipt, and the severance pay will be issued 45 days after the termination date.</p>
<p><strong>Why It Matters:&nbsp;</strong>Under the Worker Adjustment and Retraining Notification Act (WARN Act), companies with more than 100 employees are required to provide 60 days of notice before a large-scale layoff, as per the report.</p>
<p>Tesla&#8217;s severance offer could address any potential penalties if it were found to have violated the WARN Act, which allows laid-off employees to be entitled to up to 60 days of pay and benefits if not given proper advanced notice.</p>
<p>On Monday, Tesla laid off&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees" rel="noreferrer noopener">about 14,000 employees</a>, or 10% of its global workforce, via email to cut costs and eliminate duplicate roles.&nbsp;</p>
<p>&#8220;About every five years, we need to reorganize and streamline the company for the next phase of growth,&#8221; company CEO&nbsp;<strong>Elon Musk</strong>&nbsp;said on X&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38263933/elon-musk-re-enters-wartime-ceo-mode-tesla-chief-explains-necessity-of-massive-job-cuts-amid-report" rel="noreferrer noopener">about the sweeping job cuts</a>.</p>
<p><em>Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;</em><a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener"><em>following this link</em></a>.</p>
<p><em><strong>Read More:</strong></em> <em><a href="https://www.benzinga.com/news/24/04/38308138/just-being-very-cautious-says-elon-musk-as-tesla-reportedly-resumes-cybertruck-deliveries-after-brie">&#8216;Just Being Very Cautious,&#8217; Says Elon Musk As Tesla Reportedly Resumes Cybertruck Deliveries After Brief Halt</a></em></p>
<p><strong><em>Disclaimer</em></strong><em>: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.</em></p>
<p><em>Image made using AI via Midjourney</em></p>


Laid Off By Tesla? Here's What You Get (And Can't Do) With Their Severance Offer

Alcoa shares are trading higher following better-than-expected Q1 financial results.

<p>HC Wainwright &amp; Co.  analyst Douglas Tsao   reiterates argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) with a Buy and maintains $451 price target.</p>


ARGX

HC Wainwright & Co. Reiterates Buy on argenx, Maintains $451 Price Target

Bank OZK shares are trading higher following better-than-expected Q1 earnings.

BHVN

Biohaven shares are trading lower after the company priced a 5.609 million share offering at $41 per share.

<p>HC Wainwright &amp; Co.  analyst Heiko Ihle   maintains Avino Silver &amp; Gold Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASM#AMEX">ASM</a>) with a Buy and raises the price target from $1.5 to $1.6.</p>


HC Wainwright & Co. Maintains Buy on Avino Silver & Gold Mines, Raises Price Target to $1.6

Zscaler shares are trading higher after KeyBanc upgraded the stock from Sector Weight to Overweight.

<p>Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) reported quarterly earnings of $4.75 per share which beat the analyst consensus estimate of $4.64 by 2.37 percent.  The company reported quarterly sales of $1.182 billion which missed the analyst consensus estimate of $1.199 billion by 1.43 percent.  This is a 0.08 percent decrease over sales of $1.183 billion the same period last year.</p>


Snap-on Q1 2024 Adj EPS $4.75 Beats $4.64 Estimate, Sales $1.182B Miss $1.199B Estimate

Mirion Will Redeem All Of Its Publicly Traded Warrants To Purchase Shares Of Class A Common Stock, For A Redemption Price Of $0.10 Per Warrant

Nokia shares are trading higher after the company reported Q1 financial results.

Taiwan Semiconductor shares are trading lower following Q1 earnings.

RCAT

Red Cat Announces Partnership With Sentien Robotics Enabling Organizations Using Sentien's Hive UAS Management Platforms To Deploy Teal Drones As Part Of A Larger Autonomous Drone Swarming Strategy For Mobile And Fixed-position Land, Air, And Sea Defense And Security Operations.

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The latest news out of the Federal Reserve&rsquo;s March meeting was music to my ears. The Federal Open Market Committee revealed plans for not just one or two, but potentially three interest rate cuts in the year ahead! This development promises to be a boon for <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> that have languished at depressed prices. With the cost of borrowing set to fall, these companies will find it less expensive to fund their growth and service their debt. The broader economy should also get a lift, fueling more consumer spending and business investment.</p>



<p>Of course, we may end up seeing only one or two cuts if economic conditions shift. But either way, now looks like an opportune time to grab shares in still-growing companies while their stocks remain attractively-valued. As the rate cuts fuel earnings growth, share prices are bound to climb. We could realistically see some of these stocks bounce back to deliver 5X returns or more in short order. Here are seven growth stocks to research before that happens.</p>



<h2>Coursera (COUR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/coursera-300x169.jpg" alt="The app page for Coursera is displayed on a smartphone screen with a website in the background."><div>Source: Postmodern Studio / Shutterstock.com</div></div><p>This online learning platform offers a treasure trove of courses where anyone can gain new skills in areas like coding, cybersecurity, graphic design, and more. <strong>Coursera</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cour-stock-quote/"><strong>COUR</strong></a>) also partners with major companies and universities to offer professional certifications and connect learners with expert instructors. It&rsquo;s an extremely valuable resource in today&rsquo;s competitive job market, where upskilling is essential.</p>



<p>With so many people eager to learn online, you&rsquo;d think Coursera&rsquo;s stock would be soaring. But despite strong top-line growth, the company&rsquo;s losses have caused the share price to nosedive. Unfortunately, COUR stock has plunged more than 70% from its peak, falling back inside the stock&rsquo;s $10-$15 per share floor price. </p>



<p>However, I see signs of a turnaround on the horizon. Analysts expect Coursera to reach profitability in 2024, with <a href="https://seekingalpha.com/symbol/COUR/earnings/estimates">full-year earnings per share projected to come in at 17 cents</a>. The company&rsquo;s earnings per share are then expected to climb to 40 cents by 2026, implying a forward price-earnings ratio of 37-times. That seems pricey, but it could prove inexpensive if Coursera maintains its torrid 15% annual revenue growth pace. With the stock beaten down and profitability in sight, I believe the risk/reward is compelling with this growth stock.</p>



<p>Coursera also boasts negligible debt and over $722 million in cash. Sales are expected to come in at $1.2 billion in 2026. If Coursera keeps exceeding expectations like it has been, an even higher valuation is plausible. Remember, this is a company helping millions of people improve their lives through education and career development. As long as that mission remains relevant (and I&rsquo;m sure it will), Coursera has room to run.</p>



<h2>Fluence Energy (FLNC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/flnc1600-300x169.png" alt="FLNC stock. Concept of renewable energy battery storage system in nature. 3d rendering"><div>Source: petrmalinak / Shutterstock.com</div></div><p><strong>Fluence Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/flnc-stock-quote/"><strong>FLNC</strong></a>) specializes in energy storage products designed to optimize renewable power generation. With Europe accelerating its transition away from Russian energy, Fluence stands to benefit tremendously in the years ahead. The company offers exactly what&rsquo;s needed &ndash; innovative digital applications and energy storage systems that support the growth of wind, solar, and other renewable sources.</p>



<p>FLNC stock has taken a beating lately, sliding back toward the $15 level after soaring over 200% from June 2022 to July 2023. The sell-off came on the heels of a critical <a href="https://www.fool.com/investing/2024/02/22/why-fluence-energy-stock-is-plummeting-this-week/">short-seller report</a> alleging engineering problems and fraud at Fluence. However, the company refuted many of the report&rsquo;s assertions in its <a href="https://ir.fluenceenergy.com/news-releases/news-release-details/fluence-responds-misleading-short-seller-report">rebuttal</a>. Regardless of the back-and-forth, I don&rsquo;t see anything that derails Fluence&rsquo;s long-term growth story.</p>



<p>Looking ahead, analysts <a href="https://seekingalpha.com/symbol/FLNC/earnings/estimates">forecast substantial revenue and earnings growth</a>. The company&rsquo;s earnings per share are projected to climb from 27 cents in 2024 to $2.20 by 2027, while revenues could double to $6.6 billion that year, representing 30% average annual growth. Yet, FLNC stock trades at just 15-times 2024 earnings.</p>



<h2>MP Materials (MP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/meta-materials-mmat-lights-1600-300x169.jpg" alt="MMAT stock: An array of glowing lights."><div>Source: BLAGORODEZ / Shutterstock.com</div></div><p><strong>MP Materials</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/mp-stock-quote/"><strong>MP</strong></a>) aims to restore the entire rare earth metals supply chain to American shores. The company owns and operates the Mountain Pass mine in California, the only integrated rare earth mining and processing site in North America. By achieving commercial-scale rare earth production here, MP Materials can bring vital jobs and industries back to the U.S., while reducing dependence on China for these critical minerals.</p>



<p>The stock has languished lately amid a challenging 12 months from an operational standpoint. <a href="https://www.google.com/finance/quote/MP:NYSE">Revenue plunged 50% in 2023</a>, with net income down more than 90% year-over-year. However, I foresee MP stock rebounding strongly going forward. Consensus estimates call for revenue to <a href="https://seekingalpha.com/symbol/MP/earnings/estimates">quadruple from $258 million in 2024 to over $1.2 billion in 2027</a>. Additionally, the company&rsquo;s earnings per share are projected to rocket from 8 cents to $2.40 over the same period.</p>



<p>These growth forecasts make sense given the broad push to onshore rare earth production through legislation like the Inflation Reduction Act. MP Materials owns the largest rare earth deposit in the Western Hemisphere, positioning the company perfectly to capitalize on reshoring incentives. Trading at just 6-times 2028 earnings estimates, MP Materials offers tremendous value for investors willing to ride out any lingering macro volatility.</p>



<h2>Bloom Energy (BE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/be1600-300x169.jpg" alt="Bloom Energy logo at their headquarters in Silicon Valley"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>As a leader in solid-oxide fuel cell systems, <strong>Bloom Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/be-stock-quote/"><strong>BE</strong></a>) helps companies generate their own on-site power without combustion. This clean technology converts fuels like natural gas into electricity through an electrochemical reaction. With sustainability top-of-mind for corporations and governments alike, Bloom&rsquo;s innovative products seem poised for growth.</p>



<p>Yet, BE stock has cratered from its 2021 peak, now trading around $9.60 per share. While losses have piled up, I believe the stock looks oversold at current levels compared to Bloom&rsquo;s future profit potential. The company <a href="https://www.google.com/finance/quote/BE:NYSE">posted slight profits in Q4</a> and analysts expect full-year profitability beginning in 2024. Consensus earnings per share estimates call for a leap from <a href="https://seekingalpha.com/symbol/BE/earnings/estimates">19 cents in 2024 to $1.00 by 2026</a>. That implies a forward price-earnings ratio of just 9.6-times based on 2026 projections. Revenue could also nearly double between 2024 and 2027, per estimates.</p>



<p>Now for the risks: Bloom whiffed on Q4 results, missing earnings estimates by 33% and revenue expectations by 25%. The miss stemmed from policy changes in South Korea, a key market, that Bloom expects to recover from later this year. The high hopes embedded in the stock&rsquo;s valuation leave little room for error, so misses like this hurt badly. But with profitability in sight and huge total addressable market ahead, the pummeling seems overdone.</p>



<h2>LuxUrban Hotels (LUXH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/hotels-1600-300x169.jpg" alt="Woman standing in hotel room with luggage looking at the view. Hotel stocks."><div>Source: Boyloso / Shutterstock</div></div><p><strong>LuxUrban Hotels</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/luxh-stock-quote/"><strong>LUXH</strong></a>) takes long-term leases on distressed urban hotel properties and repositions them into hip, high-end destinations. The company focuses on trendy markets like New York, Miami, and LA. While the concept seems promising, LUXH stock has been mired in <a href="https://www.prnewswire.com/news-releases/luxh-investors-have-opportunity-to-lead-luxurban-hotels-inc-securities-fraud-lawsuit-302089645.html">legal issues</a> after short-seller allegations about fictitious leases. The stock plunged 66% off its peak because of the lawsuits.</p>



<p>However, with the bad news likely priced in, I see the risk/reward as compelling at current levels. LuxUrban is forecast to reach profitability next year, yet trades at just 4-times estimated 2024 earnings. Meanwhile, revenues could rocket from <a href="https://seekingalpha.com/symbol/LUXH/earnings/estimates">$120 million in 2023 to $566 million by 2027</a> per projections. The company&rsquo;s asset-light model provides huge operating leverage as revenue scales.</p>



<p>No doubt the legal overhang introduces added uncertainty and LuxUrban&rsquo;s small size amplifies risk. But with expectations so low amid these lawsuits, I believe much of the downside is likely behind us. If you are an aggressive investor pursuing multi-bagger returns, LUXH stock looks like a solid bet.</p>



<h2>Net Power (NPWR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/lng-natural-gas-ship-1600-300x169.jpg" alt="Large tanker ship carrying natural gas at dusk in harbor"><div>Source: shutterstock.com/Wojciech Wrzesien</div></div><p><strong>Net Power</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/npwr-stock-quote/"><strong>NPWR</strong></a>) has pioneered a novel technology that enables cheap, emissions-free power generation from natural gas. With global net-zero initiatives gaining momentum, demand for Net Power&rsquo;s solution could surge as companies seek to cost-effectively decarbonize existing plants. The company is already seeing strong interest from major asset managers like <strong>BlackRock</strong>.</p>



<p>While Net Power remains pre-revenue and is high-risk, its innovative technology gives it a long runway for growth. NPWR stock has perked up 25% this month after languishing since late-2023. With a sturdy $637 million cash position, Net Power can fund losses for years as it scales up. Additionally, revenue is projected to start flowing as soon as next year.</p>



<p>In today&rsquo;s global energy transition, the need for cheap, readily dispatchable zero-carbon power solutions is enormous. The risk-reward for this stock skews favorably for long-term investors.</p>



<h2>Riot Platforms (RIOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/riot1600-300x169.png" alt="In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen."><div>Source:  rafapress / Shutterstock.com</div></div><p><strong>Riot Platforms</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/riot-stock-quote/"><strong>RIOT</strong></a>) recently posted strong February updates highlighting the company&rsquo;s resilience even amid industry turbulence. <strong>Bitcoin</strong> (<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) <a href="https://www.riotplatforms.com/riot-announces-february-2024-production-and-operations-updates/">production reached 418 last month</a>, showcasing Riot&rsquo;s robust mining capabilities. Notably, these production numbers came despite surging mining difficulty rates that have pressured rivals. Thanks partly to energy subsidies, Riot maintains one of the lowest net Bitcoin mining costs in the sector.</p>



<p>The company also continues expanding its operations. It <a href="https://www.riotplatforms.com/riot-purchases-31500-miners-from-microbt-to-enhance-and-expand-self-mining-operations-at-its-rockdale-facility/">purchased 31,500 mining units</a> from <strong>MicroBT</strong>. Riot is aggressively boosting its self-mining capacity, signaling confidence in future growth, even with the sector facing headwinds currently.</p>



<p>I expect Riot to substantially increase efficiency and hash rate going forward. That should provide a catalyst for the stock. And don&rsquo;t forget about the company&rsquo;s stash of over 8,000 Bitcoin, which offers huge upside exposure to the crypto bull run.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-top-7-growth-stocks-to-buy-if-you-want-to-5x-your-portfolio/">The Top 7 Growth Stocks to Buy if You Want to 5X Your Portfolio</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The Top 7 Growth Stocks to Buy if You Want to 5X Your Portfolio

MP Materials gets $58.5M tax credit to complete magnet facility in Texas

Neodymium-iron-boron (NdFeB) magnets are vital for critical infrastructure and irreplaceable in key defense applications, yet the U.S. is almost en...