MP Materials signed a $500 million deal with Apple to supply rare earth magnets made from recycled materials in the US, boosting sustainability. Production to start in Fort Worth, TX, using recycled feedstock from California. This partnership aims to strengthen domestic supply chains and set new standards for sustainable production.

Apple and MP Materials collaborated on advanced recycling tech for 5 years to meet Apple’s standards. MP will build a recycling line at Mountain Pass for magnet scrap and components. A recent public-private partnership with the US DoD will help fast-track rare earth magnet supply chain development.

MP Materials will start shipping magnets to Apple in 2027, supporting millions of devices. Rare earth magnets are crucial in electronics and energy systems. Energy Fuels is also making strides in rare earth production, aiming to be a key producer alongside titanium and zirconium minerals.

MP Materials’ shares have soared by 305.2% this year, outperforming the industry. The company’s forward price/sales multiple is significantly higher than the industry average. Estimates show a loss in 2025 but a profit in 2026. The company holds a Zacks Rank #3 (Hold).

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Read more at Nasdaq: Can MP Materials’ Apple Deal Redefine U.S. Magnet Supply Chains?