Reported 2 days ago
MP Materials Corp. (NYSE:MP) saw a significant surge of 40.15% in stock value after announcing a $500-million partnership with Apple Inc. to produce rare earth magnets in Texas. This rally followed Apple's commitment to purchase US-made magnets from MP's Independence facility, culminating in a new 52-week high of $64.51. Additionally, MP secured a multi-billion-dollar deal with the Department of Defense to enhance rare earth mineral production in the US, highlighting the company's growth potential.
Source: YAHOO