Can MP Materials Deliver Another Year of Production Growth?

MP Materials MP is accelerating efforts to strengthen its position across the U.S. rare earth supply chain, with rising NdPr production, expanding heavy rare earth capabilities and growing downstream magnet manufacturing. The company's recent operational milestones highlight its progress toward building a fully integrated, end-to-end rare earth platform in the United States. In 2025, the company's Mountain Pass operations delivered a record 2,599 metric tons (MT) of neodymium-praseodymium (NdPr), more than double the 1,294 MT produced in 2024. The increase reflected continued process optimization and production ramp-up efforts. In the first quarter of 2026, the company produced a record 917 MT of NdPr, up 63% year over year.