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Deutsche Bank analyst Corinne Blanchard raised her target price on the rare-earths stock to $67 a share from $20.
Apple has signed a deal worth $500 million with MP Materials, the only rare earth producer of the United States.
In a statement on the same day, Apple pledged to purchase US-made rare earth magnets developed at MP Materials Corp.’s ...
In 2025, the U.S. Department of Defense (DoD) agreed to buy $400 million of preferred stock in MP Materials. This investment supports the expansion of its processing capacity and the construction of a ...
Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare ...
MP Materials said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths miner inked a ...
MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's ...
MP Materials shares remain in focus after soaring 20% yesterday on news that Apple plans to invest $500 million in the rare ...
MP Materials stock has risen 255% after a $400 million deal from the Pentagon and a $500 million magnet contract with Apple.
The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's ...
MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.