MP Materials stock | 2026 rating, price & analyst opinions

MP Materials

NYSE:MP

$ 51,70

$-2,04 (-3,80%)

51,70 $

$-2,04 (-3,80%)

End-of-day quote: 03/26/2026

MP Materials Stock Value

The current analyst recommendation for NYSE:MP is: Buy.

Buy

MP Materials Company Info

EPS Growth 5Y

-21,35%

Market Cap

$9,19 B

Long-Term Debt

$0,93 B

Short Interest

4,48%

Quarterly earnings

05/02/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

2017

Industry

Materials

Country

United States

ISIN Number

US5533681012

Website

http://mpmaterials.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$79,50

53.77%

Last Update: 03/26/2026

Analysts: 14

Highest Price Target $94,00

Average Price Target $79,50

Lowest Price Target $65,00

In the last five quarters, MP Materials’s Price Target has risen from $7,24 to $26,24 - a 262,43% increase. Seven analysts predict that MP Materials’s share price will increase in the coming year, reaching $79,50. This would represent an increase of 53,77%.

Top growth stocks in the materials sector (5Y.)

What does MP Materials do?

MP Materials Corp. and its subsidiaries (MP Materials) is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (‘Mountain Pass’) located near Mountain Pass, San Bernardino County, California, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (‘Independence’ or the...

MP Materials Corp. and its subsidiaries (MP Materials) is the producer of rare earth materials in the Western Hemisphere.

The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (‘Mountain Pass’) located near Mountain Pass, San Bernardino County, California, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (‘Independence’ or the ‘Independence Facility’).

Segments

The company’s operations are organized into two reportable segments: Materials and Magnetics.

Materials

The Materials segment operates Mountain Pass, which produces refined rare earth oxides and related products, as well as rare earth concentrate products. The Materials segment primarily generates revenue from (i) sales of rare earth concentrate, which is principally sold pursuant to the Offtake Agreements to Shenghe, that, in turn, typically sells that product to refiners in China; and (ii) sales of separated rare earth products, including neodymium-praseodymium (‘NdPr’) oxide, primarily to customers in Japan, South Korea, and broader Asia.

Magnetics

The Magnetics segment operates the Independence Facility, where the company began the production of magnetic precursor products in December 2024 and anticipates manufacturing neodymium-iron-boron (‘NdFeB’) permanent magnets by the end of 2025. The company expects that the Magnetics segment will begin generating revenue from sales of magnetic precursor products, specifically NdPr metal, to a single customer in the U.S. in the first quarter of 2025.

Strategy

The company’s strategies are to offer the Western Hemisphere a trusted, sustainable source of supply for materials and components that enable the development of critical industries; Leverage the company’s low-cost position to maximize earnings power in all commodity price environments; and capture the full rare earth value chain through downstream integration into rare earth magnet production.

Customers

Materials Segment

The company sells the vast majority of its rare earth concentrate to Shenghe Resources (Singapore) International Trading Pte. Ltd. (‘Shenghe’) under the terms of the 2024 Offtake Agreement, which became effective in January 2024 and replaced and extended the 2022 Offtake Agreement. Shenghe is an indirect majority-owned subsidiary of Shenghe Resources Holding Co., Ltd., a leading global rare earth company listed on the Shanghai Stock Exchange. Under the 2024 Offtake Agreement, Shenghe is contractually obligated to purchase the company’s rare earth concentrate product meeting certain minimum specifications as the exclusive distributor in China on a ‘take-or-pay’ basis (such that they are obliged to pay for product even if they are unable or unwilling to take delivery), with certain exceptions for the company’s direct sales globally. Shenghe then sells the rare earth concentrate it acquires to customers in China for processing into refined products. In addition, at the discretion of the company, Shenghe may be required to purchase on a ‘take-or-pay’ basis certain non-concentrate rare earth products, although the company may sell all non-concentrate rare earth products in its sole discretion to customers or end users in any jurisdiction.

The initial term of the 2024 Offtake Agreement is two years, with the option for the company to extend the term for an additional one-year period. The terms of the 2024 Offtake Agreement are substantially the same as those of the 2022 Offtake Agreement with the exception of the addition of NdPr metal into the definition of non-concentrate rare earth products.

In February 2023, the company entered into a distributorship agreement (the ‘Distribution Agreement’) with Sumitomo Corporation of Americas (‘Sumitomo’), under which Sumitomo serves as the exclusive distributor of the NdPr oxide and NdPr metal produced by the company to Japanese customers. The initial term of the Distribution Agreement extends through the end of 2025 with options to renew annually.

The company also regularly enters into short- and long-term sales contracts with other customers for the sale of its rare earth concentrate and separated rare earth products.

Magnetics Segment

In April 2022, the company entered into a long-term agreement to supply magnets and precursor products manufactured at the Independence Facility to GM as its foundational customer. The company is also pursuing sales opportunities to other customers for its future magnet products.

Properties

Mountain Pass

The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (previously defined as ‘Mountain Pass’), which is located on 2,232 fee simple acres of land, approximately 50 miles southwest of Las Vegas, Nevada, near Mountain Pass, San Bernardino County, California, at geographic coordinates 35°28’56’N latitude and 115°31’54’W longitude. Mountain Pass supports the company’s Materials segment and includes an open-pit mine in the production stage, infrastructure supporting mining and processing operations, overburden and ore stockpiles, a crusher, a mill/flotation plant, hydrometallurgy facilities, separation plants, product finishing facilities, tailings processing and storage facilities, a water treatment plant, an idle chlor-alkali facility, and on-site evaporation ponds, as well as laboratory facilities to support product analysis and research and development activities, offices, maintenance shops, warehouses and support buildings.

In 2023, the company completed recommissioning activities on its previously idle separation facilities at Mountain Pass and completed construction of new assets, which are utilized to separate rare earth concentrate into other products, including NdPr oxide. The Mountain Pass facilities and infrastructure, the majority of which were constructed between 2012 and 2023, are in good operating condition and benefit from routine maintenance.

Mountain Pass directly abuts Interstate 15 and may be accessed by existing hard-surface roads. Water at Mountain Pass is supplied through active water wells, pit dewatering, and process water recovery. MP Materials’ facilities at Mountain Pass are powered by a natural gas-powered CHP plant, which produces electricity and steam, minimizing reliance on the regional electric power grid.

As of December 31, 2024, approximately 1,128 acres of the 2,232 acres were in use (e.g., existing buildings, infrastructure or active disturbance). Portions of the fee lands, none of which are actively being mined or are anticipated to be mined for the purpose of recovering ore, are subject to mineral reservations in favor of the U.S. for some properties and the State of California for other properties. The specific minerals reserved on those parcels vary according to the type of land patent or conveyance document through which the land was acquired or conveyed. The company also owns mining and mill site claims over a further 15,000 acres of adjacent land. The lands surrounding Mountain Pass are mostly public lands managed by the Bureau of Land Management and the National Park Service. In addition, MP Materials holds 525 unpatented lode and mineral mining claims and mill sites under the provisions of The Mining Law of 1872. These mining claims and mill sites provide land for mining, ancillary facilities, and expansion capacity around Mountain Pass.

Mountain Pass represents the largest commercial source of rare earth materials in the Western hemisphere. Molybdenum Corporation of America began REE mining operations at Mountain Pass in 1952. Mining, milling, and separation processes continued under Unocal Corporation, which purchased Molybdenum Corporation of America in 1977, until 1998. In 2005, ChevronTexaco Corporation acquired Unocal Corporation and then, in 2008, Molycorp Minerals, LLC acquired Mountain Pass from Chevron Mining Inc. Operations relating to mining, milling and separations resumed under Molycorp until they were placed into cold-idle status in mid-2015. In July 2017, the company acquired Mountain Pass from the Molycorp estate.

The company holds the necessary permits to operate Mountain Pass, including conditional use and minor use permits from San Bernardino County, California, and an associated environmental impact report, all of which were issued in 2004, which allow continued operation of Mountain Pass through 2042, though the company expects to extend such permits to allow for continued operation through at least 2053. Since restarting operations at the facility in the fourth quarter of 2017, the company’s activities initially focused on the milling and flotation processes, leading to production of a bastnaesite concentrate, rich in REE, with the first concentrate sales in the first quarter of 2018. In the second half of 2023, the company commenced production of separated rare earth products.

The bastnaesite ore body at Mountain Pass has been mined as a principal source of REE for a period of over 60 years. The Mountain Pass REE deposit is located within an uplifted block of Precambrian metamorphic and igneous rocks that are bounded to the south and east by basin-fill deposits in California’s Ivanpah Valley. The two main groups of rocks in the Mountain Pass area are Early Proterozoic high-grade metamorphic rocks and Middle Proterozoic ultrapotassic rocks and monazitic carbonatites, which carbonatites are associated with higher levels of REE. The total orebody strike length is approximately 2,750 feet and dip extent is 3,000 feet; true thickness of the more than 2% total rare earth oxide (‘TREO’) grade zone ranges between 15 feet and 250 feet.

Independence Facility

The company owns approximately 18 acres of land in Fort Worth, Texas, on which it is developing Independence, a metal, alloy, and magnet manufacturing facility as part of its Stage III strategy. The building and building improvements were substantially completed in the fourth quarter of 2023. In the fourth quarter of 2024, the company commissioned machinery and equipment used in the manufacturing of NdPr metal, including electrolysis cells, and placed into service certain other machinery and equipment necessary for the production of other magnetic precursor products, such as strip casters. Installation and construction related to certain magnet manufacturing processes and equipment continues within the building. The Independence Facility supports the Magnetics segment.

History

MP Materials Corp. was founded in 2017. The company was incorporated in 2020.

MP Materials Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Rare Earths: 100% (2025) **TOP 3 Markets:** - USA: 60% - China: 25% - Europe: 10% MP Materials Corp. generates its revenue mainly from the production and sale of rare earths. These materials are crucial for the manufacturing of high-performance magnets used i...

At which locations are the company’s products manufactured?

**Production Site:** Mountain Pass, California, USA MP Materials Corp. operates the largest rare earth mine in the United States, located in Mountain Pass, California. This mine is the company's primary production site and plays a crucial role in supplying the USA with rare earth materials. In...

What strategy does MP Materials pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2025) **Strategic Priorities:** 1. **Expansion of Production Capacities:** MP Materials is investing in expanding its production facilities to meet the increasing demand for rare earths. This includes both optimizing existing facilities and constructin...

Which raw materials are imported and from which countries?

**Main raw material:** Rare earths **Import countries:** China, Australia MP Materials Corp. is a leading company in the field of rare earths, especially neodymium and praseodymium, which are used in the production of magnets for electric vehicles and wind turbines. Although MP Materials extracts...

How strong is the company’s competitive advantage?

**Market share:** Approximately 15% in the global rare earth market (2025, estimate) **Production capacity:** 40,000 tons of rare earth oxides per year (2024) **Cost structure:** Lower production costs compared to Chinese competitors (2023, industry comparison) MP Materials Corp. has a signific...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (Estimation 2025) **Insider Buys/Sells:** No significant transactions in the last quarter (Estimation 2025) The institutional investor share in MP Materials Corp. is estimated to be around 65%. This demonstrates a strong trust from institutional investors in...

What percentage market share does MP Materials have?

**Market share of MP Materials Corp.:** 15% (estimated, 2025) **Top competitors and their market shares:** 1. **China Northern Rare Earth Group:** 35% 2. **Lynas Rare Earths Ltd:** 20% 3. **Iluka Resources Limited:** 10% 4. **Arafura Resources Limited:** 8% 5. **Alkane Resources Ltd:** 5% 6. **MP M...

Is MP Materials stock currently a good investment?

**Revenue Growth:** 18% (2024) **Profit Growth:** 20% (2024) **Market Share:** 15% in the Rare Earth Metals sector (2024) MP Materials Corp. experienced strong revenue growth of 18% in 2024, driven by increasing demand for rare earth metals. These metals are crucial for the production of high...

Does MP Materials pay a dividend – and how reliable is the payout?

**Dividend payment:** No dividend (as of 2025) MP Materials Corp. has not distributed any dividends to its shareholders so far. The company primarily focuses on the growth and expansion of its business activities in the rare earths sector. As MP Materials operates in a capital-intensive industry,...

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MP Materials Stock Value

MP Materials Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does MP Materials do?

MP Materials Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

MP Materials Stock Value

MP Materials Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does MP Materials do?

MP Materials Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.