Core Insights - The stock price of MP Materials has seen significant appreciation, with a $100 investment a year ago now worth $329, driven by the company's dominance in the rare-earth materials market and ongoing trade conflicts [1][2] Company Overview - MP Materials is a key player in the rare-earth materials sector, with a market capitalization of $11 billion and a current stock price of $61.95 [3] - The company has experienced a volatile stock price, with a 52-week range between $15.56 and $100.25 [3] Industry Context - China is a dominant force in the rare-earth materials market, responsible for 59% of mined materials, 91% of refined materials, and 93% of the strongest rare-earth materials as of 2024 [2] - The ongoing trade conflict between the U.S. and China significantly impacts the stock price of MP Materials, as rare-earth materials are a critical leverage point for China [6] Recent Developments - The U.S. Department of Defense has made a substantial investment in MP Materials, including $400 million in stock, $150 million in loans, and a $1 billion financing commitment, alongside a 10-year price floor commitment [4] - Apple has also partnered with MP Materials for a $500 million deal to supply rare-earth magnets, further solidifying the company's market position [4][5] Future Outlook - The stock price of MP Materials is expected to remain volatile, influenced by U.S./China trade relations and the pricing of rare-earth magnets in the U.S. market [6]