MP Materials stock (NYSE: MP) is among the top-performing cryptocurrencies in the US equities market in 2025. MP has risen 480% year-to-date. Investing $1,000 has turned into $5,800 in just 10 months. The robust rally comes after the firm secured a $500 million deal with Apple Inc. to supply rare earth materials. The agreement was signed in July, and MP was trading at $58 as the deal was inked. Its price is now at $95 and spiked by $37, with an uptick of 65% in just three months.
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Why Is MP Materials Stock Rising?
Trump’s imposing 100% tariffs on China has sent MP Materials’ stock to the ceiling as it’s now the only firm in the US to supply rare earth materials to industries. The firm is the only fully integrated rare earth producer and is in demand from manufacturers of mobiles, EV cars, and weapons. The trade dispute with China has turned manufacturers towards MP as it controls the domestic rare earth supply chain.
In addition, the company has received Federal funding to expand its refining and separation capacity. The US government wants to support the firm to reduce dependency on China, which controls the rare earth minerals. The Communist country uses the minerals to dictate rules and cuts supply when things don’t go as planned. Therefore, MP Materials stock could go much higher due to rising demand in the homeland.
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“The company is the linchpin of America’s effort to rebuild a domestic rare earth supply chain,” said Dimitri Zabelin, Senior Investment Research Analyst at PitchBook. “It is the only major US source of rare earth elements, and has received federal funding under the Defense Production Act to expand refining and separation capacity. It has also signed long-term deals with Apple for rare earth magnets used in iPhones and with General Motors to supply materials for electric vehicle motors, reinforcing its central role in reshoring critical mineral production.”