MP Materials operates as the only fully integrated rare earth mining company in the United States. The company will develop neodymium magnet manufacturing lines at its flagship facility in Fort Worth, Texas. It also operates processing capacity at Mountain Pass, California, where it will establish a recycling line for recovered rare earth feedstock. MP Materials' core products include mined rare earth elements and manufactured neodymium magnets, with new lines tailored for Apple devices. Future plans with Apple include magnet manufacturing, a domestic recycling pipeline for used electronics and post-industrial scrap, and co-development of novel magnet materials and processing technologies. Apple’s $500 million commitment to buy American-made magnets represents a material commercial partnership supporting MP Materials’ domestic manufacturing and recycling expansion.

Total raised

$500M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2025