MP Materials Corp. / DE

MP Materials Corp. produces rare earth materials and manufactures permanent magnets through two reportable segments: Materials and Magnetics. The Materials segment encompasses upstream and midstream operations that extract, process, and refine rare earth elements, primarily producing neodymium-praseodymium oxide and metal, heavy rare earth products, and other separated oxides. The Magnetics segment comprises downstream manufacturing, transforming refined oxides into magnetic precursor products, alloy flakes, and finished neodymium-iron-boron permanent magnets. The company supplies rare earth oxides and metals to industrial and commercial purchasers in Japan, South Korea, and broader Asia, and sells magnets and magnetic materials to automotive, technology, and defense customers, including General Motors, Apple, and the United States Department of War.

Headquartered in Las Vegas, Nevada, the company operates within the United States. Its primary extraction and refining asset is the Mountain Pass Rare Earth Mine and Processing Facility in San Bernardino County, California. Downstream manufacturing is centered at the Independence Facility in Fort Worth, Texas, with engineering and business offices co-located at the site. The company employed 998 full-time equivalent personnel as of year-end 2025.

Summary of the business section of MP Materials Corp. / DE's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“Since relaunching production at Mountain Pass in July 2017, the Company has increased its full-time equivalent (“FTE”) employee base from eight contractors in 2017 to 998 employees as of December 31, 2025, of which approximately 83% were”