Key Facts
As of January 29, 2026, MP Materials (NYSE: MP) is outperforming the S&P 500, gaining nearly 11% year-to-date, compared to the index’s 1% increase. In 2025, the company experienced a remarkable 224% gain, significantly surpassing the S&P 500’s nearly 18% rise.
MP Materials, controlling the Mountain Pass mine in California, is pivotal in the U.S. effort to rebuild its rare-earth supply chain. The company recently secured a $400 million contract with the Department of Defense and a $500 million deal with Apple for recycled magnets, transitioning from a mining-focused entity to an integrated company with growing magnetics revenue, which was approximately $21.9 million last quarter.
Looking forward, MP plans to ramp up magnet production at its Fort Worth facility and anticipates commissioning a second magnet factory by 2028, which could significantly enhance its output and revenue amidst increasing demand for high-performance magnets.
