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MP·NYSE·US

MP Materials

MP Materials is a U.S.-based rare earth materials company that mines, processes, and refines rare earth feedstock from its Mountain Pass operation. It also sells separated rare earth products and has a downstream magnetics business focused on NdPr oxide and metal.

Recent Activity

Updated Oct 3, 2026
–MP Materials operates a rare earth magnet factory called "Independence" in Fort Worth, Texas, aimed at building a domestic alternative to China-dominated EV magnet supply.
–MP Materials holds major supply contracts with GM and Apple.
–MP Materials is approaching the start of magnet deliveries to GM under its domestic rare earth supply chain effort.
–MP Materials continues to burn cash despite these contracts.

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Thematic Position

MP

Relationship Groups

Customers2

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Recent Discoveries

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Ended Relationships

7 ended relationships · Ended relationships are part of the Pro plan.

Management Perspective on Regulatory & Geopolitical Developments

export controlforeign investment screeningnational security
DoW Transaction Agreement negative covenants restrict MP Materials' sales to Restricted Buyers
SEC 10-KFeb 26, 2026

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Related Events

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