Market
MP Materials’ Apple And Pentagon Deals Reshape US Magnet Growth Story
Yahoo2026.05.17Source: Yahoo
MP Materials (NYSE:MP) announced a US$500 million partnership with Apple to expand rare earth magnet production and recycling. The company also secured a US$400 million investment from the U.S. Department of Defense and a 10 year guaranteed magnet purchase agreement. These agreements position MP Materials as a key U.S. supplier of rare earth magnets for consumer electronics, defense, and other critical industries. MP Materials operates across the rare earth value chain, from mining to...
