MP Materials
MP · NYSE · Basic Materials
$48.89
$2.06 (-4.21%) today
Market Cap
$8.71B
24h Volume
$201.9M
P/E Ratio
0.0
52w High
$98.65
52w Low
$38.10
Est. AI Revenue
20%
7-Day Sparkline (Static)
Company facts
Performance
About MP Materials
MP Materials operates the only mine-to-magnet rare earth supply chain in the United States. It mines and refines rare earth elements at Mountain Pass and manufactures the high-strength magnets used in servers, robotics, EVs, and defense systems.
Its output centers on NdPr production, the key rare earth inputs for permanent magnets, and finished rare earth magnets. Offtake agreements with the US Department of Defense and Apple anchor demand for that magnet capacity, giving the business committed buyers as it scales.
Founded in 2017 and headquartered in Las Vegas, Nevada, MP Materials trades on the NYSE and employs about 1,000 people under CEO James Litinsky.
MP Materials in the AI buildout
MP Materials sits in the Raw Materials & Mining layer of the buildout. Rare earth magnets go into the servers and robotics that the AI economy runs on, and MP is the only US company producing them from mine to finished magnet. Data center and robotics demand is a growing pillar, backed by DoD and Apple offtakes, but EV and defense markets still dominate volumes. Supercycle scores it 35 out of 100.
MP is tracked in Raw Materials & Mining, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
MP trades at $48.89, 18% of the way up its 52-week range of $38.10 to $98.65.
Market cap
Market capitalization is $8.71B, with an AI Exposure Score of 35 out of 100.
Next earnings
MP Materials is next expected to report earnings on November 5, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does MP Materials do?
MP Materials mines and refines rare earths at Mountain Pass and manufactures rare earth magnets, operating the only complete mine-to-magnet supply chain in the United States.
How is MP Materials exposed to AI?
Through materials demand. Its magnets go into servers and robotics, a growing pillar of its business, though EV and defense markets still dominate volumes. Supercycle scores it 35 out of 100.
Who buys from MP Materials?
The US Department of Defense and Apple both hold offtake agreements for its magnet output, alongside demand from server, robotics, EV, and defense markets.
Where is MP Materials headquartered and who leads it?
MP Materials is headquartered in Las Vegas, Nevada, was founded in 2017, and is led by CEO James Litinsky. It employs about 1,000 people and trades on the NYSE.
Is MP a pure play AI stock?
No. It is a rare earth producer whose magnets feed AI-adjacent markets like servers and robotics alongside EVs and defense. Its score of 35 out of 100 reflects that mixed demand.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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