Highlights
- MP Materials stock surge 45% in 2025 following China’s rare earth export restrictions
- The first U.S. neodymium-praseodymium metal production in a generation launched at the Fort Worth facility
- Company developing domestic rare earth supply chain critical for electric vehicles and defense technologies
Since China’s announcement of rare earth export restrictions on April 4, 2025, MP Materials Corp (opens in a new tab). (NYSE: MP) has experienced a significant surge in its stock price. Shares have climbed over 45% year-to-date, reaching a 52-week high of $2840 as of April 14, 2025 . This rally underscores investor confidence in MP Materials’ strategic position as the leading rare earth producer in the Western Hemisphere. The stock is now trading at $27.59 (opens in a new tab).
Despite China’s dominance in rare earth refining—accounting for approximately 85% of global capacity—MP Materials is making strides to reduce U.S. reliance on foreign processing. The company has initiated commercial production of neodymium-praseodymium (NdPr) metal at its Fort Worth, Texas facility, marking the first such U.S. production in a generation.
Additionally, trial production of sintered neodymium-iron-boron (NdFeB) magnets is underway, with full-scale manufacturing expected by late 2025. Although still much work to do, Rare Earth Exchanges has called MP Materials a national treasure trove.
While MP Materials’ refining and magnet production capabilities are still in the early stages, these developments position the company as a critical asset in establishing a domestic rare earth supply chain. This progress is particularly significant given the strategic importance of rare earth elements in technologies ranging from electric vehicles to defense systems.
Rare Earth Exchanges has suggested that if the American government actually formulates a long-term industrial policy concerning critical minerals and rare earth elements, the company’s stock should skyrocket even more.
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