other material
confidence high
sentiment positive
materiality 0.80
MP Materials starts commercial NdPr metal and trial magnet production at Texas facility
MP Materials Corp. / DE
- Commercial NdPr metal production and trial NdFeB magnet production underway at Independence, Texas.
- Facility targets ~1,000 metric tons of finished NdFeB magnets per year, ramp starting late 2025.
- 2024 record at Mountain Pass: >45,000 metric tons REO concentrate and ~1,300 metric tons NdPr oxide.
- Magnets will supply General Motors and other manufacturers, sourced from Mountain Pass.
- Achievement marks first fully integrated U.S. rare earth magnet supply chain in decades.