MP Materials Soars 30.7% on DoD Partnership

On July 10, 2025, MP Materials experienced a significant surge, rising 30.7% in pre-market trading, driven by a transformational public-private partnership with the Department of Defense (DoD). This strategic collaboration aims to accelerate the development of a comprehensive U.S. rare earth magnet supply chain, reducing the country's reliance on foreign sources.

MP Materials has been actively working to reduce U.S. dependence on Chinese rare earth minerals, particularly NdPr. This initiative is part of a broader effort to enhance American supply chain independence and security. The company's efforts have been recognized as a potential game-changer in the global rare earth market, highlighting the impact of new supply sources on reducing Western dependence on Chinese minerals.

The partnership with the DoD is expected to significantly boost MP Materials' operations and market position. By collaborating with the U.S. government, the company aims to establish a robust domestic supply chain for rare earth magnets, which are critical for various industries, including defense and technology. This move is seen as a decisive action by the Trump administration to accelerate American supply chain independence.