MP Materials Stock Hits New High As Apple Deal Boosts Sentiment
MP Materials (NYSE: MP), the sole operator of a rare earths mine in the United States, is experiencing a meteoric rise, fueled by a landmark $500 million agreement with Apple to supply rare earth magnets and bolstered by ongoing support from the U.S. Department of Defense (DoD).
The MP Materials stock price is trading up a further 4% in the pre-market session, adding to yesterday’s impressive 19.99% surge. The stock price has seen an 86.3% increase over the past week alone. Trading volume is exceptionally high, exceeding 74 million shares, indicating intense investor interest and speculation.
The deal with Apple is undoubtedly transformative. It secures a major customer for MP Materials’ output and validates its position as a…
