Last mentioned: Mar 23, 2026
Production Target
Target date for achieving a 6,000 metric ton NdPr oxide annual run rate.
Production Target
Expected achievement of 6,000 metric ton annual run rate for refined rare earth oxides.
Strategic Pivot
MP Materials halts ore exports to China, focusing on internalizing the supply chain.
Refining Pivot
MP Materials begins transitioning from shipping concentrate to China to domestic NdPr oxide production.
DoD Funding
The Department of Defense awards $35M for heavy rare earth element processing capabilities.
Texas Magnet Plant Groundbreaking
Construction begins on the Fort Worth facility to produce finished permanent magnets.
Public Listing
The company goes public on the NYSE via a SPAC merger to fund processing upgrades.
Acquisition of Mountain Pass
MP Materials acquires the Mountain Pass mine out of bankruptcy to restart U.S. production.
Acquisition of Mountain Pass
MP Materials acquires the Mountain Pass mine out of bankruptcy to restart U.S. production.
MP Materials is spearheading the restoration of the American rare earth supply chain, moving from extraction to domestic processing and magnet production. This vertical integration aims to eliminate critical dependence on Chinese imports for electric vehicles and defense technologies by 2028.
MP Materials is spearheading the restoration of a domestic rare earth supply chain, transitioning from a raw ore exporter to a vertically integrated magnet manufacturer. This shift is critical for U.S. national security, as rare earth magnets are essential components in advanced defense systems like the F-35 fighter jet.