Benzinga·2025-09-26 09:05Core Insights - MP Materials Corp. shares experienced a significant increase, driven by a partnership with the U.S. government and national security implications [2][3][5] Group 1: Stock Performance - MP Materials shares rose by 8.28% on Thursday, with an additional 0.10% increase in pre-market trading, reaching a price of $77.21 [2] - Year-to-date, MP shares have surged by 394.42%, with a price range between $15.56 and $82.50 over the past year [6] - The company's market capitalization stands at $13.66 billion, with an average trading volume of 10.88 million shares [6] Group 2: Strategic Partnerships - The partnership with the Department of Defense (DOD) is valued at $400 million, granting the Pentagon approximately 15% ownership in MP Materials [5] - Apple Inc. has also invested $500 million in MP Materials, including $200 million in prepayments, to secure a supply of rare earth magnets and reduce reliance on China [6] Group 3: Production and Future Plans - MP Materials aims to increase magnet production by ten times at its "10X Facility," targeting 10,000 metric tons by 2028 [5] - The Pentagon has established a 10-year price floor of $110 per kilogram for the magnets, ensuring full purchase guarantees [5] Group 4: Industry Context - The surge in MP Materials' stock is part of a broader sector momentum influenced by initiatives from the Trump administration regarding critical minerals [4]