MP Supplies Corp. (NYSE:MP) is one among the most effective performing mid cap shares to this point in 2025. On July 16, MP Supplies introduced a definitive and long-term settlement with Apple Inc. (NASDAQ:AAPL) to produce US-manufactured, sustainable uncommon earth magnets. The partnership establishes sustainable and home provide chains for each corporations. The magnets will likely be produced fully from 100% recycled supplies.
Beneath the phrases of this $500 million partnership, MP Supplies will manufacture the magnets at its Fort Value, Texas, facility, referred to as Independence. The recycled uncommon earth feedstock for these magnets will likely be processed at MP Supplies’ Mountain Cross website in California, which is the one lively uncommon earth mining and processing facility in america. This feedstock will likely be sourced from post-industrial waste and end-of-life merchandise, together with magnet scrap and elements.
An in depth-up of a big, metallic machine processing ore and minerals in a mine.
The collaboration is the fruits of practically 5 years of joint growth between Apple and MP Supplies, throughout which they’ve piloted superior recycling know-how to make sure that recycled uncommon earth magnets meet Apple’s stringent efficiency and design standards. To meet the settlement with Apple and consistent with a current public-private partnership with the US Division of Protection/DoD, MP Supplies will broaden the capability of its Fort Value magnetics facility to incorporate neodymium magnet manufacturing strains particularly tailor-made for Apple merchandise.
MP Supplies Corp. (NYSE:MP) produces uncommon earth supplies within the Western Hemisphere and operates in 2 segments: Supplies and Magnetics.
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