Company Directory - MP Materials
CCI Score
CCI Score: MP Materials
25.53
-0.01%
Latest Event
CEO Warns of US Supply Chain Risk from Chinese Export Restrictions
MP Materials CEO James Litinsky publicly warned that China's recent export restrictions on critical rare earth metals and magnets pose a serious risk to the US military supply chain amid escalating trade tensions, highlighting vulnerabilities in strategic industries essential to national security.
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DISSENTER
MP Materials is currently rated as a Dissenter.
Latest Events
- APR142025
MP Materials CEO James Litinsky publicly warned that China's recent export restrictions on critical rare earth metals and magnets pose a serious risk to the US military supply chain amid escalating trade tensions, highlighting vulnerabilities in strategic industries essential to national security.
- FEB062025
According to OpenSecrets, during the 2024 cycle MP Materials contributed $236,350 in campaign finances and spent $490,000 on lobbying. These figures were compiled from FEC, Senate Office of Public Records, and other government sources, indicating the company's engagement in political contributions and lobbying activities.
-20
Political Contributions and Lobbying Efforts
April 14
The OpenSecrets profile reveals that MP Materials engaged in notable political contributions and lobbying expenditures during the 2024 cycle. Such financial influence can enable corporate interests to sway public policy, potentially undermining democratic accountability and contributing to the erosion of progressive oversight. From an anti-fascist perspective, the use of corporate funds to influence political outcomes is concerning as it may facilitate support for authoritarian policies.
- JAN222025
MP Materials has resumed commercial production of neodymium-praseodymium metal and initiated trial production of automotive-grade sintered NdFeB magnets at its Independence facility in Texas, marking a significant step in reestablishing a fully integrated, domestic rare earth magnet supply chain.
+50
Technology and Services Impact
April 14
The restoration of domestic rare earth magnet production enhances U.S. technological competitiveness and reduces dependency on potentially authoritarian-controlled foreign supply chains, thus supporting strategic national security and economic resilience.
+45
Economic and Structural Influence
April 14
By ramping up production at its Independence facility and leveraging its Mountain Pass operations, MP Materials is strengthening the domestic supply chain in a critical industry, which reduces dependency on foreign sources often linked to authoritarian practices.
- APR212022
MP Materials began construction of its rare earth magnetics manufacturing facility in Fort Worth, Texas as part of a $700 million investment to restore the full U.S. supply chain. The project, announced with a definitive supply agreement with General Motors, is set to create approximately 150 high-skill jobs and 1,300 indirect jobs while emphasizing sustainable and integrated recycling practices.
+50
Public and Political Behavior
April 14
The project has received bipartisan public and political support from various elected officials, highlighting its role in restoring the U.S. supply chain and reducing reliance on authoritarian foreign sources. This commitment to domestic production aligns with principles that oppose authoritarian influence in critical industries.
+50
Business Practices and Ethical Responsibility
April 14
MP Materials’ investment in a state-of-the-art facility demonstrates a commitment to ethical business practices by creating domestic jobs and implementing sustainable operations, including integrated recycling processes. This effort supports a resilient and transparent supply chain that benefits local communities.
+40
Economic and Structural Influence
April 14
The facility represents a significant economic initiative that strengthens the U.S. manufacturing base and supply chain, reducing dependency on authoritarian sources. By creating jobs and securing critical materials domestically, MP Materials enhances the national economic framework and security.
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Corporate Financials
- Revenue
- 2025
- $240.00M
- Total Assets
- 2025
- $300.00M
- Operating Income
- 2025
- $80.00M
- Total Equity
- 2025
- $200.00M
Industries
- 2123
- Nonmetallic Mineral Mining and Quarrying
- 3314
- Nonferrous Metal (except Aluminum) Production and Processing
- 5417
- Scientific Research and Development Services