MP Materials, rare
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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.
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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,
MP Materials has announced plans to expand rare earth mining and processing operations as Washington seeks to end its dependence on Chinese supplies.
Deal will make the US Department of Defense the largest shareholder in MP, the sole domestic producer of rare earth elements.
The partnership between MP Materials and DOD includes the construction of the 10X magnet manufacturing facility.