Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%
Publishing timestamp: 2025-07-10 11:44:03
Summary
The Defense Department will buy $400 million of preferred stock in MP Materials, the only operational rare earth mine in the U.S. The investment will help expand rare earth processing capacity and magnet production. Shares of MP Materials soared 50% and the Pentagon will become the largest shareholder. The investment is part of a public-private partnership to secure the rare earth supply chain in the U.S.
Sentiment: POSITIVE
Tickers: MP,
Keywords: politics, energy, james litinsky, markets, mp materials corp, breaking news: markets, united states, breaking news: politics, business news,