MP Materials Corp (MP) is an American company that owns and operates the Mountain Pass rare earth mine and processing facility, located in the Mojave Desert in California. The company was founded in 2017 after the acquisition of the Mountain Pass mine and has its headquarters in Las Vegas.
Rare earth elements (REEs) are a group of 17 elements with unique properties that make them essential components in various high-tech applications, including consumer electronics, electric vehicles, renewable energy systems, and advanced military equipment. China has historically dominated the global rare earth production, but MP Materials aims to reduce this reliance by providing a stable, domestic supply of rare earth elements to the United States and other markets.
MP Materials is focused on mining and processing rare earth elements, primarily neodymium and praseodymium (NdPr), which are vital components in the manufacture of high-performance permanent magnets used in electric vehicle motors and wind turbine generators. The company’s vision is to become a fully integrated supplier of rare earth materials, from mining and processing to the production of high-value end products.
Sustainability is a core value for MP Materials. The company is committed to minimizing the environmental impact of its operations by employing eco-friendly practices, such as recycling process water, using renewable energy sources, and implementing advanced waste management techniques. MP Materials also emphasizes worker safety and engages with local communities to foster positive relationships.
As the global demand for rare earth elements continues to grow, driven by the transition to electric vehicles and renewable energy technologies, MP Materials is poised to play a significant role in securing a stable supply of these critical materials for the United States and other markets. By focusing on sustainable mining and processing practices, MP Materials aims to become a leader in the rare earth industry while contributing to a more sustainable and technologically advanced future.