MP Materials Information

MP Materials (NYSE: MP) is America’s only fully-integrated rare earth producer with capabilities spanning the entire supply chain—from mining and processing to advanced metallization, magnet manufacturing and recycling. MP Materials currently operates the world’s second-largest rare earth mine in Mountain Pass, California – one of the world’s richest rare earth deposits – where it extracts, refines, and separates rare earth materials. The Company also manufactures the world’s strongest and most efficient permanent magnets at its Independence magnetics facility in Texas. MP Materials is extending its downstream capabilities through its transformational public-private partnership with the U.S. Department of War to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain at scale and reduce foreign dependency. MP Materials will soon begin construction of the Company’s second magnet manufacturing facility in the United States, 10X. MP’s flagship customers include Apple, General Motors, and the U.S. Department of War.