MP Materials Corp. (MP) surged 24.65 percent to $60.48 on Tuesday after Apple Inc. (AAPL) announced a $500 million deal with the company to secure American-made rare earth magnets and develop advanced recycling and processing technologies.
Shares of MP traded between $52.90 and $62.87 on massive volume of 54.97 million, far exceeding the average 11.5 million o the New York Stock Exchange. The stock now sits near its 52-week high of $62.87, well above the low of $10.02.
The agreement includes supplies from MP's Fort Worth facility and a new recycling line at its Mountain Pass site in California, strengthening Apple's domestic supply chain strategy.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.