MP Materials Corp. · United States
Who
MP Materials Corp.
MP Materials Corp. (NYSE: MP)
What
rare earths — separate, refine
Capacity Nameplate capacity
~20,000 t/yr separated rare earth oxide design capacity (excluding cerium concentrate)
Actual output
Gated — subscribe to see actual output
Who they sell to
Gated — subscribe to see offtake agreements
Notes
Only large-scale ex-China NdPr separation; separated production since H2 2023. DoD-funded heavy REE (Dy/Tb) separation facility under construction (~3,000 t feedstock/yr; ~200 t Dy/Tb circuit). Fort Worth magnet plant is a separate record. Products stated: [rare earths (NdPr oxide; La/Ce; SEG+ heavy REE; Dy/Tb planned)] The separation and refining line is operating: MP reported 2,599 t of NdPr oxide produced in 2025 and 1,018 t in Q3 2026, and the company page describes on-site separation and refining to high-purity NdPr oxide. The ~20,000 t/yr separated REO figure is the design rate given in the FY2021 10-K, not current output.