Last mentioned: Mar 23, 2026
Production Target
Expected achievement of 6,000 metric ton annual run rate for refined rare earth oxides.
Refining Pivot
MP Materials begins transitioning from shipping concentrate to China to domestic NdPr oxide production.
Texas Magnet Plant Groundbreaking
Construction begins on the Fort Worth facility to produce finished permanent magnets.
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.