$MP the only company in North America that is mining rare earth ore & extracting from it large quantities of industrially useful rare earth compounds.
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• neodymium & praseodymium. key ingredient in countless critical processes & products in semiconductor manufacturing, electro-optical systems, chemical catalysis & most notably, powerful permanent magnets.

• magnets and metals used in vehicles, drones, robotics and electronics.

• $MP is increasing production this year (2025) of its neodymium praseodymium product, while also completing a facility to produce finished, high-quality permanent magnets near Fort Worth, Texas. 

•  $LYSDY Lynas Rare Earths of Perth, Australia, expects to begin work on a mammoth rare earth–processing facility being built in Seadrift, Texas with US $258 million from the U.S. Department of Defense (DOD).

• $MP still sends some of its ore to China for processing. And a Chinese company, Shenghe Resources Holding Co., owns approximately 7.7 percent of the stock of $MP• FORT WORTH, TEXAS, January 22, 2025: 
$MP The company’s flagship Independence facility in Fort Worth, Texas, has commenced commercial production of neodymium-praseodymium (NdPr) metal 

and trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets.
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