<h2 class="topline-heading">Topline</h2><p>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. </p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6876bd65b3bd64fca196e3b5/In-this-photo-illustration--the-MP-Materials-logo-is-seen---/960x0.jpg?cropX1=0&amp;cropX2=3258&amp;cropY1=0&amp;cropY2=2174" alt="In this photo illustration, the MP Materials logo is seen..." width="100%" height="auto"></div><figcaption><fbs-accordion classname="expandable" current="-1"><p class="color-body light-text" role="button">MP Materials shares closed up 20%. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via <span class="plus" data-ga-track="caption expand">... More</span><span class="expanded-caption"> Getty Images)</span></p></fbs-accordion><small>SOPA Images/LightRocket via Getty Images</small></figcaption></figure>

<div class="key-facts-element"><p>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 <a href="https://www.apple.com/newsroom/2025/07/apple-expands-us-supply-chain-with-500-million-usd-commitment/" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.apple.com/newsroom/2025/07/apple-expands-us-supply-chain-with-500-million-usd-commitment/" data-ga-track="ExternalLink:https://www.apple.com/newsroom/2025/07/apple-expands-us-supply-chain-with-500-million-usd-commitment/" aria-label="announcement">announcement</a> from the tech giant.</p></div>

<em>This is a developing story. Check back for updates.</em>

Apple called the agreement a “first-of-its-kind deal” that will bring new manufacturing lines  to an MP Materials recycling facility for rare Earth elements.{ai:summary}<p>MP Materials’ stock rose over 20% after announcing a $500 million deal with Apple to create a recycling line for rare Earth materials. The company, the sole U.S. rare Earth element miner, will supply rare earth magnets from its Fort Worth facility. </p><p>#economy</p>

MP Materials Stock Surges 20% After Inking Deal With Apple

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