July has proven to be a massive month for rare earth mineral stocks, with MP Materials (NYSE: MP) at the forefront. On July 10, MP shares surged by nearly 51% after the company announced a multi-billion-dollar commitment from the Department of Defense (DOD). Then, on July 15, MP Materials announced a $500 million partnership with Apple (NASDAQ: AAPL). The company will supply 100% recycled rare earth magnets for Apple devices. Shares rose another 20% in response.
However, several other rare earth stocks have also seen their shares surge as the industry is having a moment in the sun. Some are making huge moves of their own, while others are rising simply off the back of MP Materials' recent successes. Let’s dive into three of these names below.
