<div id="readability-page-1"><div><div>MP Materials Corp MP stock has exploded 531% from its 52-week low, with the real ignition coming in the past two months.After months of muted trading, the stock went vertical in June and July, propelled by two major catalysts. A landmark U.S. Department of Defense agreement and a $500 million-plus rare earths recycling deal with Apple Inc AAPL.Related: Apple’s $500 Million Rare Earth Deal With MP Materials Pushes Deutsche Bank To Triple Price Target — Analyst Says Catalyst ‘Priced In’<div><div>Trending Investment Opportunities</div></div><h2>A Turbocharged 531% Power Rally</h2>While the 531% rally represents gain over August 2024’s 4-year low of $10.02, the bulk of investor enthusiasm has come recently – thanks to MP being chosen by both the Pentagon and Apple to play a pivotal role in the domestic rare earths supply chain.JPMorgan analyst Bill Peterson has upgraded his price target on MP from $18 to $64, crediting the company’s new strategic positioning and improved long-term earnings visibility. But despite the surge, he maintains a Neutral rating – not because the story isn't compelling, but because he believes much of the upside is already reflected in the stock price.Peterson outlines 7 key upside drivers that could fuel further gains over the longer term.1. Additional offtake agreements New deals with strategic partners could unlock volume visibility and justify further valuation expansion.2. Upside to NdPr output MP's new Apple-focused recycling line could lift output beyond current nameplate capacity.3. Incremental feedstock sources Recycled content from Apple, along with supply from Independence and 10X, could enhance feedstock stability.4. Cost advantage from recycled feedstock Cleaner, purer recycled inputs reduce processing costs compared to traditional mined material.5. Expanded midstream capacity The dedicated Apple line increases MP's overall midstream throughput beyond the 6Ktpa baseline.6. Higher EBITDA floor potential Cumulative efficiencies could push MP's $410 million EBITDA floor even higher over time.7. Additional heavies supply for magnets Apple's recycled content may contribute terbium and dysprosium, critical to MP's 10Ktpa magnet facility.<h2>Long-Term Gains, Not Immediate Payoffs</h2>These drivers are long-term levers. Peterson notes they aren't likely to materially impact profitability before 2028. Near-term gains could be potentially capped by NdPr prices being capped at around $110/kg and rising SG&amp;A and development costs.MP is a producer of NdPr (Neodymium-Praseodymium), which is a rare earth material, specifically a key component in high-strength permanent magnets. It is an essential raw material for industries like electric vehicles, wind turbines, and robotics.MP's recent rally reflects strategic validation. The next phase now depends on execution, pricing tailwinds, and new commercial wins.<ul> <li>Chamath‑Connected SPAC Listings Are Crushing Nvidia — Wall Street Didn’t See This Coming</li> </ul>Photo: Shutterstock</div></div></div>

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MP Materials Corp's stock surged 531% from its 52-week low, driven by a U.S. Department of Defense agreement and a $500 million deal with Apple for rare earths recycling. JPMorgan analyst Bill Peterson raised the price target from $18 to $64, citing strategic positioning and long-term earnings visibility, while maintaining a Neutral rating. He identified seven upside drivers for future growth, including new agreements and increased output from recycling. However, significant profitability impacts are not expected before 2028, with near-term gains potentially limited by NdPr price caps and rising costs.

- MP Materials Corp's stock has surged 531% from its 52-week low, driven by a U.S. Department of Defense agreement and a $500 million rare earths recycling deal with Apple.  
- JPMorgan analyst Bill Peterson has raised the price target for MP from $18 to $64, citing improved long-term earnings visibility, while maintaining a Neutral rating due to the stock's current valuation.  
- Key long-term drivers for MP include new offtake agreements, increased output from recycling, and enhanced feedstock stability, although significant profitability impacts are not expected before 2028.

Apple, Pentagon Turbocharge MP's 531% Power Rally - JPMorgan Lists 7 'Upside Drivers'