MP Materials rises 5% pre-market after gaining over 20% in previous session

MP Materials rises 5% pre-market after gaining over 20% in previous session

Shares of MP Materials Corp. (MP) surged 5% in pre-market trading on July 2, 2025, following a 20% increase in the previous session. The stock's performance is largely attributed to the company's strategic partnerships with major tech and defense entities, including Apple Inc. (AAPL) and the U.S. Department of Defense (DoD).

On Tuesday, July 15, 2025, MP Materials announced a $500 million partnership with Apple, committing to supply the tech giant with "American-made rare-earth magnets" from its Texas facility. This partnership, part of Apple's broader $500 billion, four-year investment pledge in the U.S., underscores the growing demand for domestic production of rare-earth materials [1].

Additionally, MP Materials entered a groundbreaking public-private partnership with the DoD, securing $400 million in preferred shares. This deal aims to establish a domestic supply chain for rare earth magnets, reducing America's reliance on foreign sources. The partnership includes a 10-year off-take deal with the DoD, ensuring a stable price floor for neodymium-praseodymium (NdPr) materials [3].

The company's strategic agreements have positioned MP Materials as a key player in the highly important supply chain for rare-earth magnets. The stock's recent rally reflects investor confidence in the company's ability to capitalize on growing demand for domestic production of these critical materials.

References:
[1] https://www.marketwatch.com/story/mp-materials-stock-heads-for-a-new-high-whats-behind-apples-new-rare-earths-deal-acd9a9b0
[2] https://www.businessinsider.com/mp-stock-price-apple-rare-earth-magnets-tech-aapl-dod-2025-7
[3] https://www.indexbox.io/blog/mp-materials-partners-with-dod-for-us-rare-earth-magnet-supply-chain/