The rare earth producer reported record production and sales of neodymium-praseodymium, driving revenue growth in its latest quarter.
MP Materials reported $132.9 million in consolidated revenue and PPA income for Q1 2026, driven by record neodymium-praseodymium (NdPr) production and sales. The company achieved 917 metric tons of NdPr output and 1,006 metric tons in sales, alongside increased rare earth oxide production.
The results reflect improving scale and efficiency in its vertically integrated supply chain, with solid adjusted EBITDA performance across materials and magnetics segments. Prior quarters showed steady growth in rare earth operations, aligning with long-term expansion goals.
MP Materials also advanced its expansion strategy, breaking ground on its “10X” magnetics facility and developing its Mountain Pass site to bolster domestic rare earth processing and magnet production capacity.