MP Materials
MP Materials (NYSE: MP) is a publicly traded Critical Minerals & Mining Tech company founded in 2017 and based in Las Vegas, United States.
MP Materials was founded in 2017 and is headquartered in Las Vegas, United States. The company operates a rare earth mining and separation site at Mountain Pass, California, producing neodymium-praseodymium (NdPr) oxide, which it sells to magnet makers. It also produces NdPr metal at its Independence facility in Fort Worth, Texas, where it began commercial production in January 2025, and manufactures sintered neodymium-iron-boron permanent magnets at the same Fort Worth campus. Revenue derives from sales of these midstream and magnet products to manufacturers in electric vehicles, wind turbines, robotics, and defense. The company is publicly listed on the NYSE under the ticker MP. Its ticker and public listing are its current capital position; no private funding rounds are recorded.
MP Materials runs a mine-to-magnet chain in the United States, spanning rare earth mining and separation at Mountain Pass, metal production in Fort Worth, and NdFeB magnet manufacturing. Its NdPr oxide is the key ingredient in high-strength permanent magnets used in electric vehicle motors, wind turbines, and defense systems. The company has announced plans for automotive-grade magnet deliveries to General Motors and a planned 10X facility intended to lift total magnet capacity to roughly 10,000 metric tons annually. Its integration of metallization and magnet production in-house addresses a stage of the supply chain that otherwise often relies on overseas reduction.
At a glance
Total raised
Undisclosed
Headcount
501-1k
Headquarters
Las Vegas
United StatesFounded
2017
Status
Public
Subsector
Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
