MP Materials, rare earths
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MP Materials said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths miner inked a supply deal with Apple .
MP Materials shares remain in focus after soaring 20% yesterday on news that Apple plans to invest $500 million in the rare earths firm, news that came just days after the Department of Defense took a stake in the company.
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MarketBeat on MSNMP Materials Stock Booms on New Government PositioningShares of MP Materials Corp. (NYSE: MP) took the entire market by surprise in the second week of July 2025, as the stock unexpectedly jumped by as much as 44.7% in that short period. While this could trigger most investors to look the other way,
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Cryptopolitan on MSNMP Materials surges to 52-week high on securing $500m Apple contractApple and MP Materials unveiled a $500 million deal to bolster the iPhone maker’s domestic supply chain for rare‑earth magnets.
The partnership between MP Materials and DOD includes the construction of the 10X magnet manufacturing facility.
Deal will make the US Department of Defense the largest shareholder in MP, the sole domestic producer of rare earth elements.
MP Materials has announced plans to expand rare earth mining and processing operations as Washington seeks to end its dependence on Chinese supplies.
The U.S. Department of Defense plans to continue investing in critical minerals projects to ensure a diverse American supply of the building blocks for weapons and many electronics, a defense official told Reuters on Tuesday.