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MP Materials ( (MP) ) has shared an announcement.
On July 15, 2025, MP Materials announced a $500 million long-term supply agreement with Apple Inc. to develop, manufacture, and supply magnets from recycled rare earth materials at its Independence facility in Texas. This agreement, which includes a $200 million prepayment from Apple, aims to support U.S. manufacturing and circular supply chains by sourcing 100% recycled rare earth magnets domestically. The collaboration will also involve the construction of a commercial-scale recycling line at Mountain Pass, California, and the expansion of MP Materials’ Fort Worth magnetics facility. This partnership is expected to enhance MP Materials’ vertical integration and supply chain resilience, while advancing sustainable production practices in the rare earth industry.
The most recent analyst rating on (MP) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on MP Materials stock, see the MP Stock Forecast page.
Spark’s Take on MP Stock
According to Spark, TipRanks’ AI Analyst, MP is a Neutral.
MP Materials’ overall score is driven by the strategic corporate partnership with the Department of Defense, which significantly strengthens its industry position. However, financial performance and valuation concerns weigh on the score due to declining profitability and cash flow challenges. Bullish technical indicators offer some positive signals, though overbought conditions suggest caution.
To see Spark’s full report on MP stock, click here.
More about MP Materials
MP Materials is America’s only fully integrated rare earth producer, with capabilities spanning the entire supply chain from mining and processing to advanced metallization and magnet manufacturing. The company extracts and refines materials from one of the world’s richest rare earth deposits in California and manufactures the world’s strongest and most efficient permanent magnets. Its products enable innovation across critical sectors, including transportation, energy, robotics, defense, and aerospace.
Average Trading Volume: 11,506,964
Technical Sentiment Signal: Buy
Current Market Cap: $7.37B
See more data about MP stock on TipRanks’ Stock Analysis page.