MP Materials Corp.
Price History
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About MP Materials Corp.
MP Materials Corp. (MP) is a rare earths mining company. Our project database tracks 2 projects for MP Materials Corp. with technical and economic data extracted from company filings. Its flagship project is Mountain Pass Mine, a production-stage open-pit project in San Bernardino County, California, United States.
Overview
MP Materials Corp. owns and operates the Mountain Pass rare earth mine and processing facility in California, the only integrated rare earth mining and processing site of scale in North America. The company supplies rare earth materials critical for electric vehicles, wind turbines, defense applications, and consumer electronics. MP Materials is executing a strategy to build a fully integrated US rare earth supply chain.
Operations
MP Materials operates the Mountain Pass mine in California's Mojave Desert, producing rare earth concentrate that is currently processed into separated rare earth oxides at third-party facilities in China. The site includes mining operations, a processing plant producing 40,000+ tonnes per year of rare earth oxide equivalent, and significant infrastructure. The company is the largest rare earth producer in the Western Hemisphere.
Strategy
The company's strategy focuses on optimizing Stage 1 operations producing rare earth concentrate, completing Stage 2 to bring rare earth oxide separation in-house at Mountain Pass, advancing Stage 3 to produce rare earth magnets domestically, reducing dependence on Chinese processing, securing long-term customer agreements with defense and commercial partners, and capitalizing on government support for critical mineral supply chains through Department of Defense contracts and other incentives.
Key Projects
Key projects include Stage 2 construction of rare earth oxide separation facilities at Mountain Pass (under construction, expected completion in 2025), Stage 3 development of neodymium-praseodymium (NdPr) alloy and magnet manufacturing capability, and ongoing optimization and expansion of mining and concentration operations. MP Materials is receiving government funding and has secured offtake agreements with General Motors and other strategic partners.
Primary Commodities
Project Economics
Mountain Pass Mine
Sulfide Queen
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Mountain Pass Mine
96 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Frequently Asked Questions
- What does MP Materials Corp. mine?
- MP Materials Corp. is focused on Rare Earths.
- What is MP Materials Corp.'s flagship project?
- Mountain Pass Mine, a production-stage project in San Bernardino County, California, United States.
- How many projects does MP Materials Corp. have?
- We track 2 projects with extracted technical and economic data for MP Materials Corp.
Press Releases
Investment Banks Keep Raising Their Price Target on This Rare-Earth Mining Stock. Time to Buy?
The United States is taking a strong approach to reshoring the mining and processing of rare-earth elements, and MP Materials is one of the top beneficiaries.
USA Rare Earth Secures $1.6B to Advance Rare Earth Value Chain
USAR secures access to up to $1.6 billion in federal funding, boosting capital for mining, processing and magnet production expansion.
MP Gains 164% in a Year: Should You Buy, Sell or Hold the Stock?
MP Materials shares surge 164% in a year as rare earth output hits records and magnet capacity expands, but valuation and costs remain key watchpoints.
Locksley Confirms High-Grade Rare Earth Mineralization at El Campo and Extends Dam Antimony Mineralization
Locksley Resources Limited (ASX: LKY, OTCQX: LKYRF) announced that assay reports from its maiden diamond drilling program at the El Campo Rare Element (REE) prospect, within the company's Mojave Prospect in California, confirmed high-grade NdPr-enriched light rare earth mineralization. The El Campo project is strategically located approximately 3.4 miles southeast of MP Materials' Mountain Pass Mine, the only operating and producing rare earth mine in the U.S.
USA Rare Earth Hits Speed Bump As It Unlocks $1.6 Billion In U.S. Funding
USA Rare Earth has finalized a Commerce Department deal for up to $1.6 billion in funding for its rapid buildout of a rare earth supply chain from mining to finished magnets. Despite the deal moving forward, along with an equity stake and warrants for the federal government, USAR stock pulled back following recent gains along with MP Materials and other volatile rare earth stocks. Along with a $1.5 billion equity offering for private investors in January, USA Rare Earth has amassed a $3.5 billion war chest of committed capital.
MP Materials Deepens US Ties As Magnet Expansion Reshapes Growth Story
MP Materials (NYSE:MP) has secured major contracts with US clients, including the Department of Defense and Apple. The company is shifting away from exporting rare earth concentrates to China and focusing on domestic processing and magnet production. MP Materials is developing a new US magnet manufacturing facility, called "10X", and partnering on a rare earth refinery project in Saudi Arabia. MP Materials, trading at $72.24, sits at the center of a rare earths story that is increasingly...
Rare Earth Stocks, Copper Plays Surging; FCX, MP Near Buy Points
Rare earth stocks and copper plays are flashing buy signals or close to it amid multiple catalysts. MP Materials and USA Rare Earth are both near buy points, as is S&P 500 copper giant Freeport-McMoRan. The copper price has rallied near an all-time high as markets brace for potential Trump tariffs news, with demand already outpacing supply.
Rare Earth Stocks Are a Perfect Buy. So Are These 7.
MP Materials and Rare Earths Americas picked up new Buy ratings. Both names have Buy ratings from all the analysts who cover them.
MP Materials vs. USA Rare Earth: Which Rare-Earth Stock Is a Better Buy in 2026?
Two U.S. rare-earth players take different paths, one with established output and major clients, the other betting big on a future supply chain from scratch.
USA Rare Earth Selected for DOE Funding to Advance REE Capacity
USAR could secure up to $19.3M in DOE funding to advance a pilot rare earth separation facility and expand U.S. processing capacity.
Recent News
Miners urge gov’t aid to challenge China’s rare earth dominance
Industry leaders say US backing for MP Materials reshaped rare earths markets and curbed China's pricing power.
MP Materials to build new $1.25B magnet plant in Texas
MP Materials announced plans to construct a $1.25 billion magnet manufacturing facility in Texas that will significantly expand the company's neodymium-iron-boron (NdFeB) magnet production capacity to approximately 10,000 metric tons annually. This investment underscores the critical importance of domestic rare earth magnet production for the U.S. clean energy transition, electric vehicle manufacturing, and national security supply chains.
Quick Facts
- Ticker Symbol
- MP
- Market Cap
- Mid Cap
- Category
- Rare Earths
- Commodities
- Rare Earths
- Headquarters
- Las Vegas, Nevada, USA
- Founded
- 2017
- Employees
- ~400
Operating Countries
Producing Assets
- •Mountain Pass (USA)
Development Assets
- •Stage 2 Separation (USA)
- •Stage 3 Magnets (USA)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.