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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$9.3B
P/E ratio
—
Div yield
—
EPS (TTM)
-$0.50
Profit margin
-38%
Rev. growth
+10%
Revenue
$224M
Free cash flow
-$0.5B
In plain English
MP Materials owns Mountain Pass, the only rare-earth mine and refinery of scale in the Western Hemisphere. It digs bastnaesite ore, separates it into the neodymium-praseodymium (NdPr) that goes into the magnets in EV motors, drones and missiles, and — newly — makes the finished magnets at Fort Worth. In 2025 the Pentagon became its largest shareholder and set a price floor to break China's grip on the rare-earth chain.
In simple terms
What MP Materials Corp. really sells
MP Materials owns Mountain Pass, the only rare-earth mine and refinery of scale in the Western Hemisphere. It digs bastnaesite ore, separates it into the neodymium-praseodymium (NdPr) that goes into the magnets in EV motors, drones and missiles, and — newly — makes the finished magnets at Fort Worth. In 2025 the Pentagon became its largest shareholder and set a price floor to break China's grip on the rare-earth chain.
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