MP Materials-DoD Deal

Extracted Attributes

• Type

  Public-private partnership

• Purpose

  Bolster domestic supply chain for rare earth magnets, reduce foreign dependency, counter China's dominance in rare earth market, secure US magnet supply chain, reindustrialize the United States

• DoD Loan

  $150 million for heavy rare earth separation capabilities at Mountain Pass

• DoD Role

  Largest shareholder in MP Materials, equity investor, anchor customer, 10-year offtake agreement for 100% of new facility's magnet production, 10-year price floor for NdPr oxide at $110 per kilogram

• Applications

  Advanced technologies, Physical AI (robots, drones), weapons, electric vehicles, electronics

• Key Materials

  Rare earths, rare earth magnets (neodymium-praseodymium (NdPr) oxide)

• New Facility Name

  10X Facility

• Strategic Significance

  Potential blueprint for future U.S. industrial strategy, signals shift in US approach to critical minerals as strategic assets

• DoD Financial Commitment

  Multibillion-dollar package of investments and long-term commitments

• Initiating Administration

  Trump administration

• Expected New Facility Capacity

  10,000 metric tons of rare earth magnet manufacturing

• Existing MP Materials Facilities

  Mountain Pass, California; Fort Worth, Texas

Timeline

• The MP Materials-DoD deal, a multibillion-dollar partnership to boost U.S. rare earth magnet output, was unveiled. (Source: web_search_results)

  2025-07-10

• MP Materials announced a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States from 100 percent recycled materials. (Source: web_search_results)

  2025-07-15

• Magnet shipments from MP Materials' Fort Worth facility to Apple are expected to begin. (Source: web_search_results)

  2027-XX-XX

• The new '10X Facility' for rare earth magnet manufacturing is expected to begin commissioning. (Source: web_search_results)

  2028-XX-XX

Green New Deal

The Green New Deal (GND) calls for public policy to address climate change, along with achieving other social aims like job creation, economic growth, and reducing economic inequality. The name refers to the New Deal, a set of changes and public works projects undertaken by President Franklin D. Roosevelt in 1933–1935 in response to the Great Depression in the United States. The Green New Deal combines Roosevelt's economic approach with modern ideas such as renewable energy and resource efficiency. Since the early 2000s, especially since 2018, proposals for a "Green New Deal" have arisen in Europe, the United States, and other parts of the world. By the 2009 European Parliament election, the European Green Party's manifesto was titled A Green New Deal for Europe and called for: a Europe of solidarity that can guarantee its citizens a good quality of life based on economic, social, and environmental sustainability; a truly democratic Europe that acts for its citizens and not just narrow industry interests; a Europe that acts for a green future. The first U.S. politician to run on a Green New Deal platform was Howie Hawkins of the Green Party when he ran for governor of New York in 2010. In her 2012 campaign, Green Party presidential candidate Jill Stein became the first presidential candidate to run on a Green New Deal platform and has continued to do so in each of her campaigns since then. A prominent 2019 attempt to get legislation passed for a Green New Deal was sponsored by Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) during the 116th United States Congress, though it failed to advance in the Senate. In the European Union, a 2019 proposal from the European Commission for a European Green Deal was supported by the European Council and, in January 2020, by the European Parliament as well.

Web Search Results

• MP Materials Announces Transformational Public-Private ...

  LAS VEGAS—MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced it has entered into a transformational public-private partnership with the United States Department of Defense (“DoD”) to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency. [...] MP Materials # MP Materials Announces Transformational Public-Private Partnership with the Department of Defense to Accelerate U.S. Rare Earth Magnet Independence Multibillion-Dollar DoD Commitment to MP Materials to Catalyze Domestic Production; DoD Positioned to Become Company’s Largest Shareholder Building on MP’s Existing Capabilities at Mountain Pass and Magnetics Operations in Texas, Company to Rapidly Construct ”10X” Magnet Manufacturing Facility to Reduce Foreign Dependency [...] With a multibillion-dollar package of investments and long-term commitments from DoD, MP Materials will construct the Company’s second domestic magnet manufacturing facility (the “10X Facility”) at a soon-to-be-chosen location to serve both defense and commercial customers. Once the new facility is completed, expected to begin commissioning in 2028, MP Materials’ total U.S. rare earth magnet manufacturing capacity will reach an estimated 10,000 metric tons.

• MP Materials Deal Marks a Significant Shift in US Rare Earths Policy

  To de-risk the build-out and improve long-term investment viability, the DoD has committed to a 10-year offtake agreement for 100 percent of the facility’s magnet production. Critically, it has also introduced a 10-year price floor for neodymium-praseodymium (NdPr) oxide, set at $110 per kilogram (kg). This mechanism is aimed at ensuring MP Materials receives predictable revenue even if global prices fall due to a ramp up in China’s output. This has happened in recent years, with excess [...] The DoD-MP deal is not without risk, though. MP Materials is only beginning to expand into magnet production and needs to prove its capabilities in heavy rare earths separation and magnet production at commercial scale. However, its ability to navigate the market over the last few years may give DoD confidence. [...] ##### Outlook for the Future This agreement signals a shift in how the United States approaches critical minerals, no longer viewing them as purely commercial commodities, but as strategic assets that require long-term public support. The Pentagon has effectively moved from being a passive buyer of components to an equity investor and anchor customer of the upstream, midstream, and downstream materials on which its own defense systems rely.

• MP Materials seals mega rare-earths deal with US to break China's ...

  Under the deal, which sent MP's shares up nearly 50%, the U.S. Department of Defense (DoD) will become the largest shareholder in Las Vegas-based MP, making it Washington's most high-profile investment to date in the critical minerals sector. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Advertisement · Scroll to continue [...] - MP Materials (MP.N), opens new tab unveiled a multibillion-dollar deal with the U.S. government on Thursday to boost output of rare earth magnets and help loosen China's grip on the materials used to build weapons, electric vehicles and many electronics. [...] MP Materials expects to add additional heavy rare earth separation capabilities at its California-based Mountain Pass facility for which it will receive a $150 million loan from the Defense Department. Reporting by Katha Kalia in Bengaluru and Eric Onstad in London; Editing by Sriraj Kalluvila, Susan Fenton and Nick Zieminski Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics: Business Wind Purchase Licensing Rights

• MP Materials and Apple Announce $500 Million Partnership to ...

  In addition, to fulfill this agreement with Apple—and in line with its public-private partnership with the U.S. Department of Defense—MP Materials will significantly expand the capacity of its Fort Worth magnetics facility. Magnet shipments are expected to begin in 2027 and ramp up to support hundreds of millions of Apple devices. MP Materials and Apple will also innovate together to accelerate technological advancements in magnet production, as well as end-of-life recovery. [...] Under the agreement, MP Materials will supply Apple with magnets produced at its Fort Worth, Texas, facility—known as _Independence_—using recycled rare earth feedstock processed at MP’s Mountain Pass site in California. The feedstock will be sourced from post-industrial and end-of-life magnets, marking a major milestone in both companies’ long-standing efforts to create sustainable, domestic supply chains. [...] LAS VEGAS--(BUSINESS WIRE)-- MP Materials (NYSE: MP) today announced a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States from 100 percent recycled materials.

• MP Materials and Apple Announce $500 Million Partnership to ...

  In addition, to fulfill this agreement with Apple—and in line with its public-private partnership with the U.S. Department of Defense—MP Materials will significantly expand the capacity of its Fort Worth magnetics facility. Magnet shipments are expected to begin in 2027 and ramp up to support hundreds of millions of Apple devices. MP Materials and Apple will also innovate together to accelerate technological advancements in magnet production, as well as end-of-life recovery. [...] Under the agreement, MP Materials will supply Apple with magnets produced at its Fort Worth, Texas, facility—known as Independence—using recycled rare earth feedstock processed at MP’s Mountain Pass site in California. The feedstock will be sourced from post-industrial and end-of-life magnets, marking a major milestone in both companies’ long-standing efforts to create sustainable, domestic supply chains. [...] Las Vegas — July 15, 2025 — MP Materials (NYSE: MP) today announced a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States from 100 percent recycled materials.