MP Materials stock soars
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MP Materials Corp.’s stock skyrocketed in early trading Thursday, after the rare-earth producer said it inked a public-private partnership with the U.S. Defense Department to boost domestic magnet production and to reduce dependence on foreign sources.
Shares of MP Materials soared 50% Thursday morning after the rare earths miner announced a multibillion-dollar agreement with the Department of Defense.
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MarketBeat on MSNMP Materials Stock Booms on New Government PositioningShares of MP Materials Corp. (NYSE: MP) took the entire market by surprise in the second week of July 2025, as the stock unexpectedly jumped by as much as 44.7% in that short period. While this could trigger most investors to look the other way,
MP Materials is America’s only fully integrated rare earth producer with capabilities ranging from mining to end products. Learn more about MP stock here.
MP Materials has announced plans to expand rare earth mining and processing operations as Washington seeks to end its dependence on Chinese supplies.
Deal will make the US Department of Defense the largest shareholder in MP, the sole domestic producer of rare earth elements.