HomeAbout

TL;DR CNBC


MP Materials stock rips 20% higher after $500 million Apple deal for rare earth magnets - TL;DR CNBC

MP Materials stock rips 20% higher after $500 million Apple deal for rare earth magnets

Publishing timestamp: 2025-07-15 13:26:22


Summary

Apple and miner MP Materials are teaming up in a $500 million deal to develop a rare earth magnets recycling facility as part of Apple's pledge to onshore production. Rare earth magnets are crucial components in consumer electronics, cars, and renewable energy systems. The agreement will strengthen Apple's U.S. supply chain and create new manufacturing and research and development roles.


Sentiment: POSITIVE

Tickers: MPAAPL

Keywords: mp materials corpmarketsbusiness newsapple incbreaking news: technologyenergybreaking news: marketsbreaking news: businesstransportationtechnologyenterprise

Source: https://www.cnbc.com/2025/07/15/apple-mp-materials-magnets-rare-earths.html


Developed by Leo Phan