Pentagon Becomes MP Shareholder

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Pentagon, rare earths

Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%

The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday.

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Pentagon Becomes Top Shareholder In Only Active US Rare Earth Producer

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Pentagon takes $400 million stake in rare-earth miner

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Apple Invests $500M to Secure US Supply of Rare Earth Magnets

China dominates the global supply of these minerals, producing 98% of the world’s gallium and 54% of its germanium.

Marketplace · 1d

Department of Defense directly invests in U.S.-based rare earth mining company

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Why Ramaco Says It Can Beat Its Government-Backed Rival For Rare Earth Supremacy

7don MSN

U.S. Becomes Largest Shareholder In MP Materials—Rare Earth Miner—To Counter China

The Defense Department on Thursday became the largest shareholder in MP Materials, which owns the only rare earth mine in the U.S., amid a surge in demand for rare earths mined in the U.S. as China has curbed its rare earth exports amid a trade war with the U.S.

MP Materials stock surges as Pentagon becomes top shareholder

Rare-earth firm MP Materials (MP) stock is skyrocketing after the company announced a deal for the US Department of Defense to buy $400 million of company shares. The Pentagon will be the company's largest shareholder as part of the US government's efforts to reduce China's rare earth metal dominance.

6don MSN

MP Materials CEO on deal with the Defense Department

James Litinsky, MP Materials chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss the company's deal with the Defense Department, in which the Pentagon will become the largest shareholder in the rare earth miner.

7don MSN

MP Materials soars on partnership that makes Pentagon the company's largest shareholder

MP Materials announces a public-private partnership with the US Department of Defense to accelerate the build-out of an end-to-end US rare earth magnet supply chain.

Apple in $500 million rare earth magnet deal with MP to expand US supply chain

Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.