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MAYFIELD HEIGHTS, Ohio - Materion Corporation (NYSE:MTRN), a $2.75 billion advanced materials company currently trading near its 52-week high of $131.95, has entered into an agreement with Commonwealth Fusion Systems (CFS) to supply beryllium fluoride for use in fusion power plants, the company announced in a press release.
Under the agreement, Materion will provide beryllium fluoride for the production of FLiBE molten salt to be used in CFS’s ARC power plants. Shipments from Materion’s Elmore, Ohio facility will begin this year.
The supply agreement supports CFS’s efforts to build a robust supply chain for fusion power technology as the company moves forward with plans to construct what it describes as the world’s first grid-scale fusion plant in Chesterfield County, Virginia. CFS aims to have the plant, called ARC, delivering power to the grid in the early 2030s.
"Beryllium fluoride is a critical component needed to advance the development of groundbreaking fusion technologies," said Jugal Vijayvargiya, President and CEO of Materion.
Bob Mumgaard, Co-founder and CEO of CFS, noted that Materion’s "technical expertise and production capabilities as the world’s preeminent beryllium supplier" would support the company’s commercialization of fusion power.
Materion, headquartered in Mayfield Heights, Ohio, specializes in advanced materials solutions for various industries including semiconductor, aerospace and defense, and energy sectors. The company employs more than 3,000 people globally.
CFS, founded in 2018, describes itself as the world’s largest private fusion company. The company has raised nearly $3 billion in capital and is developing SPARC, a fusion project intended to generate net energy.
In other recent news, Materion Corporation announced its second-quarter 2025 earnings, which revealed a slight decline in value-added sales and adjusted earnings per share compared to the previous year. Despite these declines, Materion maintained its full-year earnings guidance and reported improvements in several business segments. This steady performance reflects the company’s resilience in navigating market challenges. Additionally, Materion’s Board of Directors declared a fourth-quarter dividend of $0.14 per share of common stock. This dividend is set to be payable on December 5, 2025, to shareholders of record by November 13, 2025. These developments highlight Materion’s ongoing efforts to return value to its shareholders. The company’s financial strategies and operational improvements continue to be a focal point for investors.
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