(MP) MP Materials - Ratings and Ratios

MP Materials Corp (NYSE:MP) is the only integrated rare earth mining and processing company in the Western Hemisphere, operating a critical asset in the global rare earth supply chain. The company runs the Mountain Pass Rare Earth Mine and Processing Facility in San Bernardino County, California, which has been operational for decades and is a key source of rare earth elements (REEs) outside of China. MP Materials produces high-purity rare earth products, including cerium, lanthanum, and neodymium, which are essential for advanced technologies such as electric vehicles, renewable energy systems, and advanced electronics. The company also produces magnetic precursor products through its Magnetics segment, further diversifying its revenue streams. Headquartered in Las Vegas, Nevada, MP Materials was established in 2017 with a focus on restoring U.S. leadership in the rare earth industry.

The company operates through two primary segments: Materials and Magnetics. The Materials segment focuses on the extraction and processing of rare earth ore at the Mountain Pass facility, which includes cracking and separation to produce rare earth oxides and other compounds. The Magnetics segment involves the production of magnetic rare earth alloys and powders, which are critical components for permanent magnets used in industrial, automotive, and consumer applications. MP Materials has positioned itself as a key player in reducing dependence on overseas rare earth supplies, particularly from China, by offering a domestic alternative for manufacturers seeking to diversify their supply chains.