MP Materials Corp Class A (MP)

MP Materials experienced a stock surge in the summer of 2025 due to investor sentiment towards American rare earth independence. A partnership with the U.S. Department of Defense (DoD) and Apple further amplified positive momentum. Several company insiders engaged in stock sales between August 2025 and January 2026. The company reported mixed quarterly earnings, with revenue increases offset by elevated production costs. MP Materials ceased shipments of rare earth concentrate to China in response to tariffs.

There is no strong indication of demand seasonality for MP Materials' products. The overall demand for rare earth elements is experiencing substantial and steady growth, driven by electric vehicle adoption and wind power projects globally. Global demand for magnetic rare earth elements is projected to triple from 2022 to 2035.

MP Materials Corp. is an American company focused on mining and processing rare earth elements (REEs). It operates within the Non-Energy Minerals sector, with its core business being the Mountain Pass Rare Earth Mine and Processing Facility in California. The company's operations are divided into Materials and Magnetics segments, producing rare earth concentrates and developing a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas.

MP Materials' primary operational footprint is in North America, with its Mountain Pass mine in California and the developing Independence Facility in Fort Worth, Texas. While historically selling a significant portion of its rare earth concentrate to China, it has been actively shifting its strategy, with nearly half of its refined material now sold to markets outside China, including Japan, South Korea, and the United States.

MP Materials has a strong brand reputation due to its strategic importance to American rare earth independence. Government backing, strategic partnerships with companies like Apple and General Motors, and a commitment to domestic supply chain have bolstered its standing. The company is seen as a vital input for electrification and the clean energy transition.

MP Materials Corp. has a diverse ownership structure, with significant institutional and individual holdings. Major institutional owners include Hancock Prospecting Pty Ltd, Vanguard Group Inc, and BlackRock, Inc. Key individual owners and investment groups include James Litinsky, JHL Capital Group, and QVT Financial. The United States Department of Defense is expected to become the largest shareholder of MP Materials.