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MP Materials Corp. operates in the basic materials sector, within the subsector of mining and processing strategic minerals, with a focus on the production of rare earth elements.
The company was structured to strengthen the North American supply chain for these minerals, which are essential to sectors such as technology, defense, renewable energy, and advanced manufacturing.
Its initial motivation involved revitalizing existing operations in the United States, reducing dependence on international suppliers, and ensuring a stable supply for critical industries.
The activity portfolio includes mining, beneficiation, separation, and initial processing of rare earths, with emphasis on neodymium and praseodymium (NdPr), used in the production of high-performance permanent magnets.
The products serve industries such as electric vehicles, wind turbines, consumer electronics, and medical equipment, integrating high-value technological supply chains.
Its market presence is global, with customers across North America, Asia, and Europe. The company’s main operation is located at the Mountain Pass complex in California, considered the only major rare earth mine currently in operation in the United States.
Exports comply with strict regulatory standards, reflecting the strategic importance of these minerals to governments and global manufacturers.
Relevant market factors include fluctuations in demand for electronic devices and electric vehicles, industrial policies focused on energy security, competition with Asian producers, and trade restrictions involving critical minerals. The industry requires continuous investment in separation and purification technologies, in addition to strict environmental requirements.
The operational structure comprises integrated activities in mining, crushing, ore concentration, chemical separation, and associated processing facilities. Additional downstream projects aim to expand the company’s capacity to produce permanent magnets in the United States.
Technical teams include specialists in geology, chemical engineering, metallurgy, and industrial plant operations.
With hundreds of employees distributed across mining units, laboratories, and administrative offices, MP Materials maintains initiatives aimed at technological advancement and process automation.
MP Materials Corp.’s securities are traded on the NYSE under the ticker MP.
History and when MP Materials Corp. was created
MP Materials Corp. was founded in 2017 in the United States with the objective of reactivating and modernizing the Mountain Pass mine, one of the world’s most significant rare earth deposits.
The initial project involved acquiring the assets of the former operator—an entity that had faced operational and financial difficulties—and fully restructuring the production strategy.
During its early years, efforts focused on restoring the plant’s infrastructure and implementing the technologies required to resume commercial production of rare earth concentrates. Stabilizing the supply chain allowed the company to reestablish domestic availability of critical minerals for U.S. industries.
The subsequent phase included investments in additional stages of separation and individual element processing, increasing the value-added profile of the products.
The company completed its initial public offering (IPO) on the New York Stock Exchange (NYSE) in 2020, enabling capital expansion to accelerate vertical integration and expand production capacity.
Historical milestones include progress on projects aimed at producing separated NdPr oxides, formalized to supply permanent magnet manufacturers and renewable energy sectors. The company also established strategic partnerships with automotive manufacturers and government entities focused on industrial security.
Between 2020 and 2024, key developments included the expansion of processing facilities, construction of U.S.-based magnet manufacturing units, adaptation to policies concerning critical minerals, and responses to global demand fluctuations.
Operational digitalization and sustainability initiatives further strengthened the company’s competitiveness in the rare earth sector.
Additional Information
The Company MP Materials Corp (United States), is listed on Nasdaq with a market cap of $ 9.79 Billions, having an equity of $ 1.96 Billion.
The Company está listadathe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 232.74 Millions, which generated a loss in the amount of $ -117.64 Millions.
As for its main indicators, the Company has a P/E ratio of -83.26, a P/BV ratio of 4.98 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker MP.
