MP Materials, Apple and rare
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MP Materials Corp.’s stock skyrocketed in early trading Thursday, after the rare-earth producer said it inked a public-private partnership with the U.S. Defense Department to boost domestic magnet production and to reduce dependence on foreign sources.
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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 is America’s only fully integrated rare earth producer with capabilities ranging from mining to end products. Learn more about MP stock here.
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.