[REVISION HISTORY]

MP Materials business and supply expansion

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-24 16:42 UTC → 2026-08-26 11:18 UTC · added ~~removed~~

MP Materials has expanded its commercial operations through new supply agreements and improved financial performance. The company entered into a ~~long-term contract with~~ multi-year agreement, expected to be worth nine figures, to supply gadolinium oxide to an ~~unnamed~~ undisclosed U.S. aerospace and defense ~~customer to supply separated gadolinium, a rare-earth metal intended to diversify~~ manufacturer. Gadolinium oxide is utilized in electronics, infrared sensors, and nuclear reactor shielding for submarines. To support these contracts, the company is expanding separation capacity at its ~~product portfolio.~~ Mountain Pass facility in California. MP Materials is also increasing its footprint in Texas, where it produces rare-earth metals and magnets in Fort Worth and is developing a magnet manufacturing campus in Northlake. Financially, the company reported significant second-quarter growth, with revenue increasing 89% year-over-year to approximately ~~$108~~ $108.5 million. This growth included $17.6 million in price-protection income from the Pentagon, which maintained a price floor for neodymium-praseodymium (NdPr) after market prices dropped. During the same quarter, NdPr oxide production rose 41% year-over-year to 840 metric tons. Adjusted EBITDA increased by $41 million to $28.5 million. The company ~~is also shifting~~ continues to shift its business model toward selling more refined NdPr products to increase profit margins.

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