Topline
MP Materials’ stock closed up just over 20% on Tuesday, surging after the mining company announced a $500 million deal with Apple to develop a recycling line for the rare Earth materials that are increasingly in demand for their vital role in many high-tech devices.
MP Materials shares closed up 20%. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via … More
Key Facts
MP Materials, the only rare Earth element mining company in the U.S., will sell rare earth magnets developed at its flagship Fort Worth, Texas, facility to Apple, according to an announcement from the tech giant.
This is a developing story. Check back for updates.