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Barchart
Barchart
Wajeeh Khan

MP Materials Is Surging on a $500 Million Apple Deal. Should You Buy MP Stock Here?

Apple (AAPL), the world’s third-largest company by market cap, has agreed to buy rare earth magnets from MP Materials (MP). Shares of the mining firm are up more than 20% at writing.  

On Tuesday, the iPhone maker announced a $500 million agreement that will see it establish a commercial-scale rare earth magnets recycling facility in collaboration with MP Materials as well. 

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