We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. MP Materials Corp. (NYSE:MP) is one of the top-performing mid-cap companies of the first half of the year. MP Materials has grown its share price by 166.

Apple's latest investment in a company that manufactures rare earth magnets in Fort Worth signals a significant shift in the tech giant's supply chain strategy, with implications for both the local economy and national manufacturing.

MP will expand the capacity of its flagship magnetics facility in Fort Worth, Texas, and the two companies will develop jointly a supply line to process recycled materials at MP’s site in Mountain Pass, Calif. Shipments are expected to begin in 2027, but Apple will make a prepayment of $200 million as part of the deal.

Apple and MP Materials unveiled a $500 million deal to bolster the iPhone maker’s domestic supply chain for rare‑earth magnets.

MP Materials Corp., a rare earth materials company, is seeing its stock price rise on news of a major commitment from tech giant Apple.

The stock of MP Materials (MP) has hit an all-time high a day after consumer electronics giant Apple (AAPL) disclosed plans to invest $500 million in the operator of the only rare earths mine in America.

MP Materials has a large amount of cash at hand and strong demand for rare earth magnets, with new partnerships announced. Read why I'm rating MP stock a buy.