#rare-earths

#rare-earths

Shares in MP Materials Corp. surged in premarket trading following the U.S. Department of Defense's agreement to purchase $400 million worth of new preferred stock. This surge was followed by another rise, influenced by tech giant Apple.

Minacu, a small city in inland Brazil, is set to become the first operation outside Asia to produce four rare earths on a commercial scale. This marks a pivotal development amid escalating trade disputes between China and the US, particularly since China has historically dominated the production of these essential minerals.