US MP Materials' 2025 Pr-Nd Production Doubles

Published: Feb 27, 2026 17:46

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US rare earth producer MP Materials announced its 2025 performance, with full-year Pr-Nd oxide production reaching 2,599 mt, up 101% YoY; sales were 1,994 mt, up 75%. Rare earth oxide concentrate production reached 50,692 mt, up 12% YoY.
In Q4, the company produced its first batch of NdFeB magnets at its independent plant in Texas and received over $200 million in incentive support, with plans to expand its magnet capacity to 10,000 mt per year. The company expects to increase magnet supply to General Motors in 2026 and continuously boost Pr-Nd production, while its dysprosium and terbium separation facilities are expected to be put into use by mid-2026. The financial report shows the company's net loss widened to $86 million in 2025.

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