Why Apple’s Betting Big on Rare Earths

MP Materials just announced a $500 million stock sale right after scoring a supply deal with Apple. Translation: Apple wants to lock in its rare earth magnets for iPhones and gadgets, instead of relying on China. The twist? MP’s stock dropped 5.8% after the news, even though it’s up a whopping 275% this year. If you’re watching for market moves, this is a classic case of ‘buy the rumor, sell the news.’ #Business #EntrepreneurshipStartup #investing