Core Insights - MP Materials' shares surged by 33.6% in the week leading up to Friday morning, reflecting strong market interest [1] - The stock's rise is attributed to the U.S. government's push for domestic rare earth supply amid trade tensions with China, which dominates global production [2] - A significant $400 million investment from the Department of Defense (DOD) and a $150 million loan, along with a commitment to purchase magnets, bolster the company's growth strategy [3] Company Developments - MP Materials announced a long-term supply agreement with Apple, involving a $500 million payment for rare-earth magnets, with $200 million prepaid [4] - The company plans to expand its production facility in Texas to meet the demand from this agreement [4] - Following the positive news, MP Materials conducted a public offering that initially aimed for $500 million but was increased to $650 million due to high investor interest [6]