Rare earths don’t get much attention in AI debates.
But they power everything physical about AI: drones, EVs, robots, advanced weapons.
And one US company is building the entire supply chain — from mine to magnet.
$MP (MP Materials) could be foundational. 🧵
But they power everything physical about AI: drones, EVs, robots, advanced weapons.
And one US company is building the entire supply chain — from mine to magnet.
$MP (MP Materials) could be foundational. 🧵
MP Materials is the only US firm that spans the full stack:
✅ Rare earth mining
✅ Oxide separation
✅ Metal production
✅ Finished magnet manufacturing
China dominates 90% of this. MP is bringing it back onshore.
✅ Rare earth mining
✅ Oxide separation
✅ Metal production
✅ Finished magnet manufacturing
China dominates 90% of this. MP is bringing it back onshore.
The US government and Apple are already backing them.
→ $500m+ magnet supply deal with Apple
→ Strategic investment and price guarantees from the DoD
→ ~$2bn in cash to scale downstream production
This is industrial policy with teeth.
→ $500m+ magnet supply deal with Apple
→ Strategic investment and price guarantees from the DoD
→ ~$2bn in cash to scale downstream production
This is industrial policy with teeth.
Why it matters:
Permanent magnets are in almost everything that moves intelligently.
– EV drivetrains
– AI-powered robots
– Drones and missiles
– Wind turbines
– AR/VR headsets and smartphones
No magnets, no Physical AI.
Permanent magnets are in almost everything that moves intelligently.
– EV drivetrains
– AI-powered robots
– Drones and missiles
– Wind turbines
– AR/VR headsets and smartphones
No magnets, no Physical AI.
By 2035, the global "Physical AI" economy could reach $6–7 trillion.
If just 5% of that is magnet-related, that’s a $325–375bn annual market.
If $MP captures 10–15%, it could be doing $30–50bn in revenue.
If just 5% of that is magnet-related, that’s a $325–375bn annual market.
If $MP captures 10–15%, it could be doing $30–50bn in revenue.
Today, $MP’s market cap is around $13bn.
If it executes, scales, and earns a 5x sales multiple on $50bn revenue...
That’s a potential $250bn valuation.
A 20x return over the long run — with national security at its back.
If it executes, scales, and earns a 5x sales multiple on $50bn revenue...
That’s a potential $250bn valuation.
A 20x return over the long run — with national security at its back.
Rare earths aren’t just a supply chain story.
They’re a lever of geopolitical power — and a core input to the next industrial era.
$MP is quietly positioning itself as America’s champion.
We’re watching closely.
They’re a lever of geopolitical power — and a core input to the next industrial era.
$MP is quietly positioning itself as America’s champion.
We’re watching closely.
Chart is from Koyfin. 
For a 15% discount with Koyfin, click the link:
koyfin.com/affiliate/conv…
koyfin.com/affiliate/conv…
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