MP Materials reports Q1 2026 results
Record NdPr production and sales increase 63% and 117% YoY. Revenue reaches $90.6M, Adjusted EBITDA $36.6M. Breaks ground on 10X facility.
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Integrated rare earth producer and permanent magnet manufacturer
mpmaterials.comLast updated
In short: MP Materials reported record rare earth production and turned a surprise Q1 2026 profit while facing new export sanctions from China.
Record NdPr production and sales increase 63% and 117% YoY. Revenue reaches $90.6M, Adjusted EBITDA $36.6M. Breaks ground on 10X facility.
The award from CalCompetes supports their advanced recycling circuit at Mountain Pass. They thank GO-Biz for backing innovation and manufacturing.
They innovate large-scale processes in America, essential for resilient magnet value chain and resource stewardship. Capabilities developed over five years now scale to market.
The segment covers their Mountain Pass operations to North Texas magnetics facility, highlighting mission, people, and momentum.
MP's cash flow improves in Q1 2026 but stays negative as higher costs, downstream expansion and rare earth price pressure continued to weigh on results.
China blocked exports of dual-use goods to U.S. drone makers and rare earth miners, while banning government purchases from 46 defense firms.
Stock futures slip as traders await U.S.-Iran talks and China's trade retaliation, while UK PM resigns.
China has added what it said were 10 U.S. entities linked to the U.S. military on its export contro...
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