<ul data-eligibleForWebStory="false"><li>The U.S. Defense Department is set to make a substantial investment in rare earth miner MP Materials by purchasing $400 million of its preferred stock.</li><li>MP Materials plans to use the funds to enhance its rare earths processing capabilities and magnet production capacity.</li><li>As a result of this investment, MP Materials' stock price surged by 51.7% to $45.55.</li><li>With support from the U.S. DoD, MP Materials will build a new magnet manufacturing facility in the U.S., aiming to reduce dependence on Chinese supplies and increase domestic production capacity.</li></ul>

MP Materials to Receive Huge Investment from U.S. DOD

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