MP Materials Reports Record Production and Strategic Pivot Away from China

Key Facts

1MP Materials reported record production of 50,692 metric tons of rare earth oxide concentrate in 2025.

2The company ceased all sales to China in alignment with its U.S. supply chain strategy.

3The company entered a long-term supply agreement with Apple for magnets made from recycled materials.

4The company secured a $200 million incentive package to construct a magnetics facility in Texas.

MP Materials Corp. reported record production of 50,692 metric tons of rare earth oxide concentrate for the full year 2025. The company announced a significant strategic shift by ceasing all sales to China, aligning its operations with the broader U.S. domestic supply chain strategy. This move is bolstered by a new long-term supply agreement with Apple to provide magnets manufactured from recycled materials. Furthermore, MP Materials secured a $200 million incentive package to support the construction of a new magnetics facility in Texas. These developments, supported by operational ramp-ups at the Mountain Pass facility, reflect a robust growth trajectory and decoupling from international competitors. The company's focus on domestic manufacturing and high-profile partnerships positions it as a key player in the critical minerals sector.