MP Materials rises 14% at open as Apple commits a $500 million investment
ByAinvest
Tuesday, Jul 15, 2025 9:32 am ET1min read
AAPL--
The investment, which aligns with the Pentagon's recent $400 million investment in MP Materials, will be used to expand the company's processing and magnet production capabilities at its Mountain Pass, California mine. Apple's contribution will fund the construction of a new magnet manufacturing facility in Fort Worth, Texas, and a recycling line at the Mountain Pass facility in California.
MP Materials' stock price, which was last updated at $36.0816 on June 23, 2025, has surged in response to the investment, reflecting investor confidence in the company's strategic importance to the U.S. economy and national security [1]. The company's Q2 earnings are expected on Thursday, July 31, 2025.
The U.S. has long been reliant on China for its rare earth imports, with China accounting for roughly 70% of U.S. rare earth imports in 2023. Rare earths are crucial for various military applications and essential components in consumer electronics. The DoD's investment and Apple's strategic partnership aim to secure a domestic supply chain and reduce reliance on geopolitical rivals [2].
This deal marks one of Apple's biggest efforts to invest directly in U.S. production infrastructure, with MP Materials playing a key role in making magnets from 100% U.S.-sourced and recycled materials. The company plans to produce 10,000 metric tons of rare-earth magnets annually by 2028, up from the current output of 1,000 tons [3].
The expansion will create over 500 new direct jobs and more than 1,000 indirect jobs in the next few years, contributing to the U.S. economy and national security. MP Materials' strategic partnership with Apple and the Pentagon underscores the company's importance in the global rare earth market.
References:
[1] https://www.benzinga.com/quote/MP
[2] https://www.asktraders.com/analysis/mp-materials-stock-price-hits-new-high-pentagon-becomes-largest-holder/
[3] https://m.economictimes.com/news/international/us/apple-pours-500-million-into-mp-materials-in-rare-earths-power-move-pentagon-backed-deal-sends-mp-stock-soaring-11-to-53-85/articleshow/122511570.cms
MP--
MP Materials rises 14% at open as Apple commits a $500 million investment
MP Materials (NYSE: MP) experienced a significant boost today, with its stock rising by 14% at the open, following Apple's announcement of a $500 million investment in the company. This investment is part of a broader strategy to reduce U.S. dependence on foreign rare earth magnets, particularly those sourced from China.The investment, which aligns with the Pentagon's recent $400 million investment in MP Materials, will be used to expand the company's processing and magnet production capabilities at its Mountain Pass, California mine. Apple's contribution will fund the construction of a new magnet manufacturing facility in Fort Worth, Texas, and a recycling line at the Mountain Pass facility in California.
MP Materials' stock price, which was last updated at $36.0816 on June 23, 2025, has surged in response to the investment, reflecting investor confidence in the company's strategic importance to the U.S. economy and national security [1]. The company's Q2 earnings are expected on Thursday, July 31, 2025.
The U.S. has long been reliant on China for its rare earth imports, with China accounting for roughly 70% of U.S. rare earth imports in 2023. Rare earths are crucial for various military applications and essential components in consumer electronics. The DoD's investment and Apple's strategic partnership aim to secure a domestic supply chain and reduce reliance on geopolitical rivals [2].
This deal marks one of Apple's biggest efforts to invest directly in U.S. production infrastructure, with MP Materials playing a key role in making magnets from 100% U.S.-sourced and recycled materials. The company plans to produce 10,000 metric tons of rare-earth magnets annually by 2028, up from the current output of 1,000 tons [3].
The expansion will create over 500 new direct jobs and more than 1,000 indirect jobs in the next few years, contributing to the U.S. economy and national security. MP Materials' strategic partnership with Apple and the Pentagon underscores the company's importance in the global rare earth market.
References:
[1] https://www.benzinga.com/quote/MP
[2] https://www.asktraders.com/analysis/mp-materials-stock-price-hits-new-high-pentagon-becomes-largest-holder/
[3] https://m.economictimes.com/news/international/us/apple-pours-500-million-into-mp-materials-in-rare-earths-power-move-pentagon-backed-deal-sends-mp-stock-soaring-11-to-53-85/articleshow/122511570.cms
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet