Rare earths miner MP Materials jumps on Apple investment
ReutersJul 15, 2025 12:13 PM
Shares of U.S. rare earths miner MP Materials MP.N jump 8.4% to $52.61 premarket
Apple AAPL.O to invest $500 million as it seeks to localize its mineral supply chain
MP will supply AAPL with magnets produced at its Fort Worth, Texas facility
The duo will build another factory in Fort Worth, Texas to produce magnets and new recycling facility in Mountain Pass, California
*AAPL up marginally at $209.10 premarket
As of last close, MP stock is up over 211% YTD
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