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MP Materials Corp MP

Financial Services Metals & Mining Industrial Metals & Minerals
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.


NYSE:MP - Post by User

MP Materials Corp
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  • MaterialsManX
Comment by MaterialsManon Jan 08, 2025 12:09am
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Post# 36393581

RE:Nice rare earth refining has started in the US

RE:Nice rare earth refining has started in the USYou may want to fact check on that one. Last I knew, ore was being shipped to China for processing.
I really don't think they built a refining operation overnight to do it themselves.
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