MP Materials stock soars
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Shares of Australian rare earths miners, including Lynas and Iluka Resources, soared on Friday after U.S.-based MP Materials' a multibillion-dollar deal with the U.S. government to boost production of rare earth magnets.
Apple’s deal with Pentagon-backed MP Materials is part of the company’s broader push to bring iPhone production to the U.S amid Trump’s push to produce fewer electronics in China