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MP Materials Corp

55H0:DEU

MP Materials Corp

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About the company

MP Materials Corp. produces specialty materials that are vital inputs for electrification and other advanced technologies. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass) located in California. It is also developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (Independence Facility). The Company’s segments include Materials and Magnetics. The Materials segment operates Mountain Pass, which produces refined rare earth products as well as rare earth concentrate and related products. The Materials segment primarily generates revenue from sales of rare earth concentrate, primarily sold for further distribution to a single, principal customer in China, and sales of neodymium-praseodymium (NdPr) oxide and metal, primarily sold to customers in Japan, South Korea, and broader Asia. The Magnetics segment operates the Independence Facility, where it produces magnetic precursor products.

  • Revenue in USD (TTM)184.07m
  • Net income in USD-59.34m
  • Incorporated2020
  • Employees681.00
  • Location
    MP Materials Corp1700 S. Pavilion Center Dr., Suite 800LAS VEGAS 89135United StatesUSA
  • Phone+1 (702) 844-6111
  • Fax+1 (302) 655-5049
  • Websitehttps://mpmaterials.com/
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