MP Materials Becomes First U.S. Rare Earth Producer to Manufacture Neodymium Magnets, Secures Support from Apple and Pentagon
MP Materials, the only large-scale rare-earth mine in the U.S., has begun producing neodymium-iron-boron magnets, marking a shift toward vertical integration. The company has received support from Apple and the Department of Defense. Despite a 10% revenue increase in 2025, MP Materials remains unprofitable.
Topics: magnets rare-earth mining revenue growth vertical integration