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Materials Sector Rises Amid Government Incentives — Materials Roundup

Stocks in the materials sector saw an increase in value due to the possibility of government incentives for the industry. Perpetua Resources experienced a surge in its shares after announcing the potential of receiving up to $1.8 billion in debt financing for its antimony project in Idaho through two U.S. federal initiatives. MP Materials also saw a rise in its shares following a $58.5 million award to support the construction of its rare earth magnet manufacturing facility. The project tax credit allocation was granted by the Internal Revenue Service and Treasury Department. For more information, contact Paulo Trevisani at paulo.trevisani@wsj.com. (END) Dow Jones Newswires, April 08, 2024 17:10 ET (21:10 GMT) Copyright (c) 2024 Dow Jones & Company, Inc.

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