MP Materials Forces $ 500 million with Apple for magnets of rare recycled and recycled earth
MP Materials Corp. (Nyse:Deputy) is one of The most efficient captain’s stocks so far in 2025. On July 16, MP Materials announced a final and long -term agreement with Apple Inc. (Nasdaq:Aapl) to provide sustainable rare earth magnets made in the United States. The partnership establishes sustainable and national supply chains for the two companies. The magnets will be fully produced from 100% recycled materials.
In the words of this $ 500 million partnership, MP materials will manufacture magnets in its Fort Worth establishment, Texas, known as independence. The raw material of rare recycled earths for these magnets will be treated on the MP Mountain Pass site of MP in California, which is the only mines factory and rare active land in the United States. This raw material will come from post-industrial waste and end-of-life products, including scrap and components of the magnet.
A close -up of a large metal machine dealing with ore and minerals in a mine.
Collaboration is the culmination of almost 5 years of joint development between Apple and MP materials, during which they piloted advanced recycling technology to ensure that recycled rare earth magnets meet the rigorous performance and Apple design criteria. To conclude the agreement with Apple and in accordance with a recent public-private partnership with the American Department of Defense / DOD, MP materials will expand the capacity of its installation of strong Worth magnetic to include the production lines of neodymium magnet specifically adapted to Apple products.
MP Materials Corp. (NYSE: MP) produces rare earth materials in the western hemisphere and operates in 2 segments: materials and magnetic.
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Disclosure: None. This article is initially published at Initiate monkey.
