**MP Materials Corp. (MP) Overview**
MP Materials is currently trading at a 12-month price/sales multiple of 22.93, significantly higher than the industry average of 1.44. The company’s stock has increased by 168.7% over the past year, outperforming the industry’s 36.9% growth and the S&P 500’s return of 16.9%. Production of neodymium and praseodymium (NdPr) reached 721 metric tons in Q3 2025, up 51% year-over-year, totaling 1,881 metric tons for the first nine months of 2025, a 114% increase from the previous year.
**Strategic Partnerships and Market Position**
In July 2025, MP Materials secured a long-term agreement with Apple to supply rare earth magnets made from recycled materials. Additionally, they partnered with the Department of War to expedite a domestic rare earth magnet supply chain and announced a joint venture with Saudi Arabian Mining Company to establish a rare earth refinery in Saudi Arabia. These initiatives align with the U.S. government’s push to develop domestic rare earth capabilities amid growing dependency on imported materials.
**Future Projections**
The Zacks Consensus Estimate projects a revenue increase of 12.75% year-over-year for 2025, with a further forecast of 83% growth for 2026. The company anticipates a return to profitability by Q4 2025. However, recent downward revisions to earnings estimates suggest caution for potential investors considering the stock’s high valuation at this time.
