MP Materials Surges 380% in 2025, Becomes "American National Champion"

As of August 15, 2025, rare earth mining company MP Materials has experienced a remarkable turnaround, with its stock surging over 380% this year. The company's impressive second-quarter results and transformative government and industry partnerships have fueled this remarkable ascent.

In the past quarter, MP Materials narrowed its adjusted loss to $21.37 million, down from $28 million a year earlier. Sales nearly doubled to $57.4 million, driven by record neodymium-praseodymium oxide production of 597 metric tons—a staggering 119% increase that underscores the company's operational scaling.

Two major deals have fundamentally altered MP Materials' trajectory. Last month, the U.S. Department of Defense made a $400 million preferred stock investment, making the federal government the company's largest shareholder. This deal also established a price floor for neodymium-praseodymium oxide and guaranteed 100% offtake from a new magnet facility, providing unprecedented revenue visibility in the volatile rare earth market.

Moreover, tech giant Apple has committed $500 million to purchase rare earth magnets from MP Materials and help launch a recycling facility. This partnership with a blue-chip customer validates the company's technology and creates a stable demand base for its products, which are critical components in electric vehicle motors, robotics, and consumer electronics.

CEO James Litinsky has emphasized the company's progress toward "commercial magnet production later this year" at its Fort Worth facility, which will supply General Motors and other manufacturers. This expansion from mining to midstream processing positions MP Materials as an "American National Champion" poised to capitalize on the "era of physical AI."