MP Materials Races Ahead in U.S. Magnet Manufacturing: Can It Deliver?

Key Takeaways MP Materials plans to ramp up NdFeB magnet output at its Texas facility by the end of 2025.Magnetics segment posted $19.9M revenues in Q2 2025, with GM as its first and only customer.MP signed long-term deals with Apple and DoD, boosting U.S. rare earth magnet capacity plans.MP Materials (MP) commenced commercial production of neodymium-praseodymium (NdPr) metal and trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets in late 2024 at its Independence facility in ...