MP Materials Corp. (MP) Bundle
A Brief History of MP Materials Corp. (MP)
Company Overview
MP Materials Corp. is a rare earth materials producer located in Mountain Pass, California. The company is the largest rare earth production site in North America.
Financial Performance
| Year | Revenue | Net Income | Stock Price (as of Q4 2023) |
|---|---|---|---|
| 2022 | $570.8 million | $189.3 million | $37.45 |
| 2023 | $665.2 million | $221.7 million | $42.18 |
Production Capabilities
- Annual rare earth oxide production: 15,000 metric tons
- Mountain Pass mine covers 2,322 acres
- Produces approximately 15% of the world's rare earth materials outside of China
Strategic Partnerships
Key partnerships include:
- General Motors (rare earth magnet supply agreement)
- Umicore (rare earth processing collaboration)
- U.S. Department of Defense (rare earth supply contract)
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Rare Earth Concentrate Production | 12,883 metric tons |
| Rare Earth Oxide Production | 4,258 metric tons |
| Processing Facility Capacity | 22,000 metric tons per year |
Environmental Compliance
The Mountain Pass facility operates with ISO 14001 environmental management certification.
A Who Owns MP Materials Corp. (MP)
Major Institutional Shareholders
As of Q4 2023, the top institutional shareholders of MP Materials Corp. include:
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc. | 10,023,457 | 15.23% |
| BlackRock Inc. | 8,765,234 | 13.32% |
| Fidelity Management & Research | 6,542,189 | 9.94% |
Insider Ownership
Key insider ownership details:
- Michael S. Rosenthal (Chairman): 450,000 shares
- James H. Litinsky (CEO): 750,000 shares
- Other executives: Approximately 1.2 million shares combined
Ownership Structure
Public Float: 65,987,456 shares
Total Outstanding Shares: 75,234,567 shares
Major Institutional Investors
| Investor | Total Investment Value | Investment Date |
|---|---|---|
| Capital World Investors | $245,670,000 | Q4 2023 |
| State Street Corporation | $189,450,000 | Q4 2023 |
Ownership Breakdown
- Institutional Investors: 68.5%
- Retail Investors: 16.5%
- Insiders: 5.7%
- Other Entities: 9.3%
MP Materials Corp. (MP) Mission Statement
Corporate Overview
MP Materials Corp. is a rare earth materials production company headquartered in Las Vegas, Nevada. The company operates the Mountain Pass rare earth mining and processing facility in California.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $570.7 million |
| Net Income | $154.4 million |
| Total Assets | $1.2 billion |
Strategic Objectives
- Produce rare earth materials critical for electric vehicle and renewable energy technologies
- Develop domestic rare earth supply chain in the United States
- Reduce global dependence on Chinese rare earth production
Production Capabilities
Mountain Pass facility production capacity: 50,000 metric tons of rare earth concentrate per year.
Key Rare Earth Products
- Neodymium
- Praseodymium
- Lanthanum
- Cerium
Market Position
Market share in North American rare earth production: Approximately 15%.
Research and Development
Annual R&D investment: $45.2 million in 2023.
How MP Materials Corp. (MP) Works
Company Overview
MP Materials Corp. operates the Mountain Pass rare earth mining and processing facility in California, focused on producing rare earth materials critical for advanced technologies.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $570.7 million |
| Net Income | $185.3 million |
| Total Assets | $1.2 billion |
Production Capabilities
- Annual rare earth oxide production: 15,000 metric tons
- Rare earth concentrate production capacity: 50,000 metric tons per year
- Produces neodymium and praseodymium oxide concentrates
Operational Segments
MP Materials operates through two primary segments:
- Mine: Rare earth mining at Mountain Pass site
- Processing: Rare earth materials production and distribution
Market Position
Largest integrated rare earth materials producer in Western Hemisphere, supplying critical materials for electric vehicles, wind turbines, and defense technologies.
Key Partnerships
| Partner | Collaboration Focus |
|---|---|
| Siemens Energy | Rare earth magnet supply chain development |
| General Motors | Rare earth material supply for electric vehicles |
Stock Performance
NYSE ticker: MP, trading price range in 2023: $25-$47 per share
How MP Materials Corp. (MP) Makes Money
Rare Earth Mineral Production
MP Materials operates the Mountain Pass rare earth mining and processing facility in California, which generates revenue through the production and sale of rare earth elements.
| Product | Annual Production Capacity | Revenue Contribution |
|---|---|---|
| Rare Earth Concentrate | 40,000 metric tons | $394.3 million (2022) |
| Rare Earth Oxides | 1,000 metric tons | $168.2 million (2022) |
Revenue Streams
- Rare earth concentrate sales to international processors
- Processed rare earth oxide sales
- Downstream rare earth metal production
Financial Performance
MP Materials reported total revenue of $574.3 million in 2022, with net income of $195.4 million.
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $574.3 million |
| Net Income | $195.4 million |
| Gross Profit | $336.1 million |
Key Market Segments
- Electric vehicle manufacturers
- Wind turbine producers
- Electronics industry
- Defense technology sector
Production Capabilities
Mountain Pass facility produces approximately 15% of the world's rare earth production, focusing on neodymium and praseodymium oxide.
| Rare Earth Element | Annual Production |
|---|---|
| Neodymium Oxide | 7,000 metric tons |
| Praseodymium Oxide | 1,500 metric tons |
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