Mining & Materials

MP Materials

High46% confidenceProfile verified Jul 23, 2026
OverviewIndicatorsMore SignalsSourcesDependency mapStoryMilestones

MP Materials owns and operates Mountain Pass, the only integrated rare earth mining and processing site in the United States, positioning it as central to US efforts to build a secure domestic rare earth supply chain independent of Chinese dominance (China controls roughly 69% of global rare earth mine production and dominates refining). China added MP Materials and USA Rare Earth to its export control list on June 22, 2026 -- a retaliatory move following US actions against Chinese military-linked companies -- though the listing is primarily a regulatory signal rather than an operational disruption given MP Materials' domestic mining and processing base, Department of Defense partnership, and long-term supply contracts with customers including Apple; the company reported positive adjusted earnings in Q1 2026.

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Leading Indicators

Hiring and patent filing trends — the underlying numbers Momentum is computed from. Insider filing activity is tracked separately under Sources below.

Steadyinsider filing activity unchanged since last check
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Additional Intelligence Signals

Patent citation lineage, earnings-call mentions, and federal contract disclosures — automatically collected, not yet visible anywhere else on the site.

Federal contract disclosures

Department of Defense — $10,986,003: NEODYMIUM OXIDE (ND2O3) AND PRASEODYMIUM OXIDE (PR6O11)

USAspending.gov · Jul 31, 2024

Department of Defense — $2,360,972: 8509870941!LANTHANUM STORAGE & ROTATION

USAspending.gov · Aug 31, 2023

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Sources

Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.

Evidence

2 sources · 1 government/SEC filing · 73% avg. source confidence

Insider Filing Activity

18Form 4 filings, trailing 90 days0 since last week's snapshot

Counts filing frequency only — transaction direction/size wasn't parseable from the sampled filings · sourced from SEC EDGAR · as of Jul 28, 2026

Correlated Activity

Both MP Materials and Critical Minerals & Rare Earths — which it depends on — are showing accelerating Activity at the same time (1 recorded change for Critical Minerals & Rare Earths in the last 90 days).

Timing correlation only — not evidence of a causal link

Both MP Materials and Apple — which it depends on — are showing accelerating Activity at the same time (2 recorded changes for Apple in the last 90 days).

Timing correlation only — not evidence of a causal link

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Dependency Map

What MP Materials depends on below, and who depends on MP Materials above — click any node to make it the new center, 3 levels deep.

2 levels3 levels5 levels

Connection type

Investment
Dependency
Supply Chain
Development
Enablement
Competition / Other
Succession

Click any node to make it the new center. Scroll to zoom, drag to pan.

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The Story So Far (last 6 months)

Feb 2026: MP Materials Corp. FY2025 Annual Report (Form 10-K), filed with the SEC→Jun 2026: China adds MP Materials to export control list→Jun 2026: China adds MP Materials to export control list amid US-China tensions

Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.

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MP Materials's Timeline

A sourced, dated history of MP Materials's key moments — founding to present.

  1. 2026-Q1 · Reports positive adjusted earnings

    MP Materials reported positive adjusted earnings in Q1 2026, reflecting a functioning domestic rare earth mining and processing operation supported by Department of Defense partnership and long-term customer contracts including Apple.

  2. Jun 2026 · China adds MP Materials to export control list

    China added MP Materials and USA Rare Earth to its export control list effective June 22, 2026, prohibiting exports of Chinese dual-use items to the companies -- a retaliatory move following US additions to the Pentagon's 1260H list of Chinese military-linked companies; the listing is seen primarily as a regulatory and supply-chain signal rather than a direct operational disruption, given MP Materials' domestic Mountain Pass mining and processing base.