MP Materials (MP) Reports $132.9M Revenue, 917 Metric Tons Output

AI Summary

MP Materials Corp. (MP) announced Q1 2026 financial results, generating $132.9 million in revenue and producing a record 917 metric tons of neodymium-praseodymium (NdPr). The company also achieved NdPr sales of 1,006 metric tons and reported solid adjusted EBITDA performance. Additionally, MP Materials broke ground on its new “10X” magnetics facility, reinforcing its expansion strategy in the rare earth supply chain. This growth supports its aim to enhance domestic processing capabilities for critical materials used in electric vehicles and clean energy technologies.