Future Prospects | Analysts project promising long-term growth, with price targets ranging from $22 to $32, as MP Materials aims for commercial-scale magnet production by end of 2025. |
Market Dynamics | Delve into the challenges of the current low price environment for rare earth elements, balanced against strong long-term demand fundamentals and geopolitical support for domestic production. |
Strategic Partnerships | Explore MP's transformative collaboration with the Department of Defense, enhancing processing capabilities and providing substantial EBITDA visibility through price floors and offtake agreements. |
Rare Earth Giant | MP Materials, the largest rare earth producer outside China, is vertically integrating from mine to magnet, positioning itself as a crucial player in the global REE supply chain. |

Metrics to compare | MP | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipMPPeersSector | |
|---|---|---|---|---|
P/E Ratio | −177.2x | −8.8x | 4.4x | |
PEG Ratio | −3.86 | −0.15 | 0.00 | |
Price / Book | 5.5x | 2.7x | 1.6x | |
Price / LTM Sales | 25.8x | 14.0x | 1.3x | |
Upside (Analyst Target) | 27.3% | −7.8% | 36.3% | |
Fair Value Upside | Unlock | −5.3% | 1.9% | Unlock |
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr metal; and manufactures NdFeB permanent magnets. MP Materials Corp. was founded in 2017 and is headquartered in Las Vegas, Nevada.