Critical Materials

Stocks · key Fib levels

• #1

  MPMP Materials Corp.

  $58.74last

  $60.00fib

  −2.1%vs fib
  anchored by US Department of Defense · General Motors ($GM) · Apple ($AAPL) · Shenghe Resources
  • ▸**2025-07** - US Department of Defense takes $400M preferred-equity stake + sets $150M/t NdPr price floor; largest sovereign-equity intervention in a US miner in decades.
  • ▸**2025-07** - $AAPL commits $500M prepayment for US-recycled magnets from Fort Worth facility (multi-year offtake).
  • ▸**2022** - $GM long-term supply agreement for NdFeB magnets and NdPr alloy, anchor offtake for the Fort Worth Stage III plant.
  • ▸**2024** - Saudi Ma'aden JV framework for rare-earth processing optionality outside the US.
  • ▸**Ongoing** - Pentagon Defense Production Act Title III awards funding separation + heavy rare-earth processing expansion at Mountain Pass.
• 3110Nitto Boseki Co., Ltd.

  - last

  - fib

  Near-monopoly on production-grade T-Glass - a genuine critical-material chokepoint for AI accelerator supply chains.

  anchored by NVIDIA · Microsoft · Google · Amazon · Apple (courting)
  • ▸**2023-H2** - T-Glass lines running at full capacity; multi-quarter delivery waits for substrate / PCB customers
  • ▸**2025** - ¥150B Fukushima plant expansion to ~triple production-grade T-Glass capacity (mass production targeted by end-2026)
  • ▸**2025-11** - Capacity partnership with Nan Ya (Taiwan); Nan Ya to handle ~20% of glass-fiber output by 2027 amid the AI surge
  • ▸**2026** - Top-tier T-Glass priced $80-100/kg; end-demand pulled by NVIDIA, Microsoft, Google, Amazon; reportedly courted by Apple
  • ▸**FY26 (reported)** - Net income ¥41.8B (+225% YoY, ~¥37B one-off); revenue ¥118.2B (+8.4%)
  • ▸**2026-08-05** - Q1 FY3/2027 print: beat-and-raise, full-year profit forecast lifted (~+15%) to a record high; stock fell -18.68% the next session (sell-the-news)
  • ▸**Snapshot 2026-08-06**: price ¥2,912 (~56% below ¥6,580 June high), mcap ~¥530B (~$3.36B), trailing P/E ~12.7x, fwd P/E ~9.8x (consensus), net margin ~35%, ROE ~27%, div yield ~0.8%
  • ▸**Setup tension**: the print confirmed the T-Glass demand thesis, but a crowded, parabolic name de-rated on the raise; durable bear is supply un-bottlenecking (Fukushima triple + Nan Ya) by 2027-28