The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.

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We recently published Lackluster Tuesday? Not for These 10 Stocks on Sky High. MP Materials Corp. (NYSE:MP) is one of Tuesday’s top performers. MP Materials rallied for a second day on Tuesday to hit a new all-time high after clinching a $500-million deal with technology giant Apple Inc.

Apple announced a $500 million deal with MP Materials for the development of a recycling facility and rare earth magnets to boost overall production on Tuesday.

MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's dominance from investors ranging from the Pentagon to tech giant Apple in recent days.

MP Materials is America’s only fully integrated rare earth producer with capabilities ranging from mining to end products. Learn more about MP stock here.