MP Materials, earth magnets and Department of Defense
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MP Materials has announced plans to expand rare earth mining and processing operations as Washington seeks to end its dependence on Chinese supplies.
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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.
Fort Worth company owning the only rare earth magnet manufacturing plant in the U.S. is being courted to the tune of millions of dollars.
Apple has signed a $500 million deal with MP Materials to secure a long-term supply of rare earth magnets, a move aimed at reducing reliance on China and reinforcing its U.S. supply chain. The agreement marks a
The partnership between MP Materials and DOD includes the construction of the 10X magnet manufacturing facility.
MP Materials currently operates the world’s second-largest rare earth mine in Mountain Pass, California, where it extracts, refines, and separates rare earth materials. The Company is commissioning a magnetics facility in Texas, known as Independence , which anchors its downstream capabilities.
MP Materials' stock surged 50% after a transformative Department of Defense deal. Click here to find out why I rate MP stock as a hold at current prices.
In a decisive action to bolster the U.S. supply chain for rare earth magnets—essential elements for fighter jets, missiles, and electric vehicles—the