The rare earth producer forecasts Q3 neodymium-praseodymium production above 1,000 metric tons amid magnetics expansion.
MP Materials expects neodymium-praseodymium (NdPr) production to exceed 1,000 metric tons in Q3 2026, reflecting continued scaling of its materials and magnetics operations. The company cited progress in commercial magnet manufacturing and broader product offerings as key drivers.
In Q2 2026, MP Materials reported strong execution, with CEO James Litinsky highlighting operational advancements. The company also announced a nine-figure gadolinium deal, signaling expansion in high-value rare earth elements.
No immediate market reaction was disclosed in the earnings call insights.