๐จ JUST IN: Pentagon Secures 15% Stake in MP Materials with $400M Investment! ๐บ๐ธ๐ฐ
The U.S. Department of Defense has invested $400 million into MP Materials, grabbing a 15% ownership stake in the top American rare-earth producer! ๐งฒ๐บ๐ธ
๐ง Why it matters: โ
MP Materials owns the only rare earth mine in the U.S.
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Funds will expand U.S.-based magnet production (10,000 MT/year)
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Pentagon locks in a 10-year offtake deal โ buying ALL output
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Goal: Cut reliance on China for critical minerals! ๐ซ๐จ๐ณ
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Floor price set at $110/kg for rare-earth magnets
๐ MP shares surged 40%+ as markets welcomed the move!
๐บ๐ธ National security meets strategic investing โ rare earth independence is now a mission! ๐
#MPMaterials #RareEarth #Pentagon #DefenseStocks #BinanceSquare