MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies
MP Materials Corp. reported fourth quarter revenue of $52.7 million and net income of $9.4 million, or $0.05 per diluted share, yesterday reflecting a sharp year-over-year improvement driven largely by price floor protection under its agreement with the U.S. Department of War.
Full year revenue rose 10% to $224.4 million as the company ramped separated product output and began generating magnetic precursor sales.
MP said in a press release yesterday that operationally, 2025 marked a step-change in upstream and midstream execution. MP produced a record 50,692 metric tons of rare earth oxide concentrate, up 12% year-over-year, while more than doubling NdPr oxide production to a record 2,599 metric tons. NdPr sales volumes rose 75% to 1,994 metric tons, supported by continued ramp-up at Mountain Pass and improved refining throughput.
In the fourth quarter alone, NdPr production increased 74% year-over-year to 718 metric tons. The company also ceased all sales to China in alignment with its U.S. supply chain strategy, shifting revenue mix toward higher-value separated products and magnetic precursor materials, which contributed incremental margin expansion.
Downstream, the company reported that it achieved a ...
Continue Reading »