MP Materials Corp. (1MP)

Profile

https://mpmaterials.com

MP Materials Corp. is an American rare-earth materials company that operates as the only fully integrated rare earth producer in the United States, spanning mining, processing, metallization, and magnet manufacturing. The company owns and operates the Mountain Pass Rare Earth Mine and Processing facility in California, the sole operational rare earth mine in the country, producing high-purity rare earth concentrate from high-grade ore through advanced flotation processes. It focuses on Neodymium-Praseodymium (NdPr) and other materials essential for high-strength permanent magnets used in electric vehicles, wind turbines, robotics, drones, defense, aerospace, and renewable energy applications. MP Materials Corp. conducts operations across two segments: Materials, centered on mining and initial processing at Mountain Pass, and Magnetics, which produces magnetic precursor products, metals, alloys, and finished magnets at its Independence facility in Fort Worth, Texas. These products support critical sectors including transportation, energy, and advanced motion technologies. Founded in 2017 and headquartered in Las Vegas, Nevada, MP Materials Corp. plays a pivotal role in the domestic rare earth supply chain.