Domestic supply MP Materials is the only fully integrated U.S. rare earth producer with mining, processing, magnet manufacturing and recycling capabilities, creating a compelling domestic supply story for customers seeking to reduce foreign dependency and ensure secure access to rare earth magnets.

End-to-end magnets With the Independence magnetics facility in Texas and plans for a second magnet manufacturing campus (10X), there is a clear opportunity to upsell customers to a locally produced, high- performance magnet solution across automotive, electronics and defense applications.

Strategic partnerships Public-private collaboration with the U.S. Department of War accelerates scale-up of a U.S. rare earth magnet supply chain, signaling strong government-backed demand and potential for multi-year, large-volume procurement opportunities with defense and critical-industry buyers.

Key customers Flagship customers include Apple and General Motors, indicating strong traction in consumer electronics and automotive sectors; targeted outreach to these industries could yield high-value magnet and supply chain contracts, especially for EVs and high-performance components.

Financial momentum Recent revenue growth and sizable funding (revenue in the mid-hundred millions to near $1B range; funding around $2.4B) suggest capacity to support larger, longer-term deals, including on-site services, tooling, and supply agreements for scale production.