MP Materials Corp.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- James Henry Litinsky
- Full Time Employees
- 998
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 1700 S. Pavilion Center Drive Las Vegas NV United States 89135
- IPO Date
- Apr 30, 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.
Company News
Japan is Just “Months” Away From Running Out of a Critical Rare Earth Mineral. Here's Why Rare Earths are Becoming AI's Biggest Bottleneck.
Rare Earths vs. Copper: Should You Buy MP Materials or Freeport-McMoRan?
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MP Materials vs. USA Rare Earth: Which Rare Earth Stock Is the Better Buy?
USA Rare Earth Climbs 4% as Month-Long Selloff Pauses; MP Materials Ticks Up, United States Antimony Dips
Critical Metals Rises 4% on Trump’s Greenland Mineral Exploration Plan; USA Rare Earth Declines 3%, MP Materials Slips 2%
Can MP Materials Sustain the Growth Momentum in Its Materials Segment?
USA Rare Earth Drops 6% With Milestone-Based Government Funding Still Ahead of It; MP Materials Falls 6%, Critical Metals Holds Steady
China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
MP Materials Announces Date for Third Quarter 2026 Financial Results and Webcast
USA Rare Earth Drops 5% as Selling Runs Into a Second Day; United States Antimony Falls 4%, MP Materials Dips
Can MP Materials Deliver Another Year of Production Growth?
Is MP Stock a Buy, Hold or Sell After Its 31.2% One-Year Decline?
USA Rare Earth and MP Materials Fall 5% as Rare Earth Stocks Slide Together; Critical Metals Declines 3%
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MP Materials Corp (MP) Stock Up 3.6% but GF Value Says Overvalued -- GF Score: 74/100
First Citizens BancShares vs MP Materials: A Tale of 2 Regulation Bets
The Pentagon Bet $400 Million That One U.S. Company Could Break China's Rare Earth Monopoly. MP Materials Is About To Deliver GM's First Rare Earth Magnets Not Made In China
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MP Materials (NYSE:MP) Shares Climb 4.3% – Here’s Why