MP Materials Corp.
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- James Henry Litinsky
- Full Time Employees
- 998
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 1700 S. Pavilion Center Drive Las Vegas NV United States of America 89135
- IPO Date
- Jun 22, 2020
- CIK
- 0001801368
- Website
- mpmaterials.com
- Similar Companies
- Business
- MP Materials Corp. (NYSE: MP), founded in 2017 and headquartered in Las Vegas, Nevada, is a leading producer of rare earth materials and magnetics in the Western Hemisphere; the company owns and operates the Mountain Pass rare earth mine and processing facility in San Bernardino County, California, the only scaled rare earth mining and processing site in North America, where it mines high-grade ore, produces high-purity rare earth concentrates through flotation, and separates key oxides including neodymium-praseodymium (NdPr) and lanthanum-cerium (LaCe); MP Materials also manufactures magnetic precursor products, rare earth metals, alloys, and high-performance magnets at its Independence facility in Fort Worth, Texas. The company serves critical sectors such as electric vehicles, wind turbines, robotics, defense, and renewable energy, with operations focused on restoring a full-cycle domestic rare earth supply chain to reduce reliance on foreign sources. MP Materials organizes its business into two segments: Materials, encompassing mining, concentrating, separation, and refining at Mountain Pass; and Magnetics, covering metal, alloy, and magnet production. In recent developments, MP Materials entered a transformational public-private partnership with the U.S. Department of Defense in 2025, securing $400 million in preferred stock investment making DoD its largest shareholder, a $150 million loan for heavy rare earth separation expansion at Mountain Pass, a 10-year NdPr price floor commitment at $110 per kg, and a 10-year offtake agreement for 100% of output from its new 10X magnet manufacturing facility slated to boost total U.S. magnet capacity to 10,000 metric tons by 2028; the company obtained $1 billion in financing commitments from JPMorgan Chase and Goldman Sachs for the 10X Facility construction. Additional strategic alliances include a November 2025 joint venture with Saudi Arabian Mining Company (Maaden) to develop a vertically integrated rare earth supply chain in Saudi Arabia encompassing mining, processing, and magnetics, expanding MP Materials' global footprint while aligning with U.S. national security objectives. The company reported record NdPr oxide production of 478 metric tons in Q1 2025, a 76% sequential increase, alongside commissioning of its Texas magnetics facility and ongoing optimizations at Mountain Pass to achieve positive midstream gross margins.
Rare Earth Stocks Soar on Friday: MP Materials Up 8%, USA Rare Earth Up 9%, NioCorp Up 3%. What's Behind the Jump?
USA Rare Earth Gains 7%, MP Materials Jumps 8%: Here's Why Critical Minerals Are Moving Today
MP Materials vs. The Metals Company: Which Critical-Minerals Stock Is the Smarter Long-Term Buy?
MP Materials Just Signed a Secret Aerospace Deal. Here's Why It Matters.
SpaceX vs. MP Materials: 2 Very Different Ways to Bet on the Next Decade of Tech
MP Gains 15% Despite Q2 Earnings Miss: How to Play the Stock?
MP Materials Corp. (MP) Presents at Canaccord Genuity's 46th Annual Growth Conference Prepared Remarks Transcript
MP Materials (MP) Stock Is Rising Today: What's Behind the Rally in Rare Earth Stocks?
Stocks Muted as Middle East Uncertainty Persists
China Targeted MP Materials for a Reason
MP Materials Q2 Earnings Call Highlights
MP Materials to Participate in Canaccord Genuity's 46th Annual Growth Conference
MP Q2 Earnings Call Focuses on Magnet Ramp and Rare Earth Expansion
MP Materials Stock Rises After the Q2 Revenue Beat
Top Rare-Earths Stocks Poised to Ride the U.S. Reshoring Wave
MP Materials Corp. (MP) Q2 2026 Earnings Call Transcript
MP Materials Corp. (MP) Reports Q2 Loss, Beats Revenue Estimates
MP Materials Reports Mixed Q2 Results
Forget TMC The Metals Company: This Rare Earth Stock Is the Smarter Bet Right Now
MP Materials Reports Second Quarter 2026 Results