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Mp Materials's Business Segments
Mp Materials's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
2
Largest Segment
Materials
Total Revenue
$ 108
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Materials88.1%
- Magnetics15.2%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Materials | $ 96 | 88.1% |
| Magnetics | $ 17 | 15.2% |
Revenue by Product & Service Category - Q2 FY2026
- NdPr Oxide and Metal87%
- Revenue Under Bill-and-Hold Arrangement47.3%
- Magnetic precursor products15.2%
- Other Revenue1.1%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| NdPr Oxide and Metal | $ 94 | 87% |
| Revenue Under Bill-and-Hold Arrangement | $ 51 | 47.3% |
| Magnetic precursor products | $ 17 | 15.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Mp Materials
MP Materials Corp, also known as MP Materials, is a leading producer of rare earth materials and a key player in the global rare earth supply chain. The company is headquartered in Las Vegas, Nevada, and operates the largest rare earth magnet materials manufacturing facility in the Western Hemisphere.
MP Materials was originally established in 2017 as the result of a joint venture between Shenghe Resources Holding Company, a Chinese industrial entity, and QVT Financial, a prominent global investment firm. The company's main focus is the production of neodymium, praseodymium, and other rare earth elements, which are essential components in the manufacturing of high-strength magnets used in a wide range of industries including renewable energy, electric vehicles, defense, and telecommunications.
The core asset of MP Materials is its Mountain Pass mine, located in Mountain Pass, California. Mountain Pass is globally recognized as one of the most significant and valuable rare earth deposits. The mine was first developed in the 1950s and has since been a major source of rare earth minerals. MP Materials acquired the mine in 2017 and undertook significant modernization and optimization efforts to enhance its operational efficiency.
The Mountain Pass mine has an extensive mineral resource base that is estimated to contain over 19 million tons of rare earth oxide within a well-defined geological formation. The mine's strategic location in the United States provides MP Materials with a strong competitive advantage, as it allows the company to ensure a consistent supply of rare earth materials while reducing its dependence on foreign sources.
In addition to its mining operations, MP Materials operates a state-of-the-art rare earth magnet manufacturing facility adjacent to the Mountain Pass mine. The facility, known as the MP Rare Earth Materials Manufacturing Complex, is responsible for the production of high-performance rare earth magnets. The magnets produced by MP Materials are known for their exceptional magnetic and thermal properties, making them ideal for various applications such as electric vehicle motors, wind turbines, and consumer electronics.
MP Materials prides itself on its commitment to sustainable and responsible mining practices. The company places a strong emphasis on environmental stewardship and has implemented various measures to minimize its environmental impact. This includes utilizing advanced water management systems, implementing energy-efficient processes, and adhering to stringent waste management protocols.
As a leader in the rare earth industry, MP Materials plays a pivotal role in ensuring a secure and sustainable supply of critical materials for various high-tech industries. The company's strategic location, extensive mineral resource base, and advanced manufacturing capabilities position it strongly in the global rare earth market and are expected to drive its continued growth and success in the coming years.
MP Materials was originally established in 2017 as the result of a joint venture between Shenghe Resources Holding Company, a Chinese industrial entity, and QVT Financial, a prominent global investment firm. The company's main focus is the production of neodymium, praseodymium, and other rare earth elements, which are essential components in the manufacturing of high-strength magnets used in a wide range of industries including renewable energy, electric vehicles, defense, and telecommunications.
The core asset of MP Materials is its Mountain Pass mine, located in Mountain Pass, California. Mountain Pass is globally recognized as one of the most significant and valuable rare earth deposits. The mine was first developed in the 1950s and has since been a major source of rare earth minerals. MP Materials acquired the mine in 2017 and undertook significant modernization and optimization efforts to enhance its operational efficiency.
The Mountain Pass mine has an extensive mineral resource base that is estimated to contain over 19 million tons of rare earth oxide within a well-defined geological formation. The mine's strategic location in the United States provides MP Materials with a strong competitive advantage, as it allows the company to ensure a consistent supply of rare earth materials while reducing its dependence on foreign sources.
In addition to its mining operations, MP Materials operates a state-of-the-art rare earth magnet manufacturing facility adjacent to the Mountain Pass mine. The facility, known as the MP Rare Earth Materials Manufacturing Complex, is responsible for the production of high-performance rare earth magnets. The magnets produced by MP Materials are known for their exceptional magnetic and thermal properties, making them ideal for various applications such as electric vehicle motors, wind turbines, and consumer electronics.
MP Materials prides itself on its commitment to sustainable and responsible mining practices. The company places a strong emphasis on environmental stewardship and has implemented various measures to minimize its environmental impact. This includes utilizing advanced water management systems, implementing energy-efficient processes, and adhering to stringent waste management protocols.
As a leader in the rare earth industry, MP Materials plays a pivotal role in ensuring a secure and sustainable supply of critical materials for various high-tech industries. The company's strategic location, extensive mineral resource base, and advanced manufacturing capabilities position it strongly in the global rare earth market and are expected to drive its continued growth and success in the coming years.