MP Materials Stock (MP): Stock Soars on DoD & Apple Deals

By Patricia Miller

Sep 19, 2025

2 min read

MP Materials is riding a 340% YTD stock surge, fueled by $900M in new deals with the DoD and Apple—cementing its role in U.S. rare earth dominance.

#MP Materials Latest

MP Materials has undergone a significant transformation in recent months, benefiting from strong backing by the U.S. government. The company secured a $400 million investment from the Department of Defense, structured as convertible preferred equity and a warrant, aimed at bolstering domestic magnet production. It also entered a 10-year offtake agreement with the DoD for all magnets produced at its new "10X Facility," including a price floor of $110/kg for neodymium-praseodymium (NdPr) oxide.

This progress complements a major $500 million agreement with Apple to supply recycled rare earth magnets produced at MP’s Fort Worth facility starting in 2027, reinforcing the company's role in a vertically integrated U.S.-based supply chain. As a result, MP Materials’ stock has surged over 340% year-to-date and the company was added to the S&P MidCap 400 index, effective September 22, 2025, which is expected to enhance its visibility among investors.

Although revenue grew significantly—up 84% year-over-year in Q2—negative earnings persist, and the successful execution of its expansion projects, particularly the Fort Worth magnet plant, remains critical for future performance.

#What Investors Need to Know About MP Materials

  • The recent $400 million DoD investment will fuel growth initiatives in U.S.-based magnet production.

  • A 10-year DoD contract stabilizes revenue with a price floor for NdPr oxide.

  • A $500 million partnership with Apple creates new demand for recycled rare earth magnets.

  • MP was officially added to the S&P MidCap 400 index on September 22, 2025.

  • Ongoing risks include negative earnings, requiring effective execution of expansion plans.

#MP Materials At A Glance

MP Materials is a leading developer and operator of advanced rare earth materials, crucial for various high-tech applications, particularly in electronics and defense industries.

#Competitive Landscape

MP Materials competes with companies like Lynas Rare Earths and Northern Minerals in the rare earth materials sector, each striving for market share as demand for these materials grows.

#Near-Term Catalysts and Risks

The company’s future hinges on successful execution of expansion strategies, especially the ramp-up of its new Fort Worth-based magnet production facility, known as the "10X Facility." While existing contracts with Apple and the DoD provide stability, sustaining momentum will be crucial. The volatility in earnings remains a concern, so investors should carefully assess the company's ability to turn growth opportunities into consistent financial performance.

#Trading MP Materials Stock

Investors considering MP Materials' stock should weigh its strong momentum and government backing. Its recent inclusion in the S&P MidCap 400 may attract institutional interest, potentially driving further upside. It's a promising moment to evaluate a position, but earnings reports will play a key role in shaping long-term expectations.

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Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.