MP Materials Corp. (MP)
MP Materials Corp. owns and operates the Mountain Pass rare earth mine in California, the only active and scaled rare earth production site in the Western Hemisphere. The company supplies critical materials like neodymium and praseodymium, used in permanent magnets essential for electric vehicles, wind turbines, and defense systems. It plays a vital role in reducing America’s reliance on foreign rare earth sources.
MP Materials is vertically integrating its operations by building out its magnet manufacturing capabilities. This expansion allows it to capture more value in the supply chain and serve end markets directly. With long-term supply agreements and U.S. government support, MP is positioned as a cornerstone of the domestic rare earth ecosystem. Its rare asset gives it a competitive edge in a tightly controlled global market.
As demand for EVs and clean energy accelerates, MP’s materials are seeing rising importance. The company’s move toward full-cycle production and recent federal backing strengthens its strategic position. Investors are watching closely as it executes its buildout plan, targeting new downstream revenue and tech independence. Chart
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