MP Materials reports Q2 2026 results and drone initiative
NdPr production rose 41% and sales 127% YoY; consolidated revenue reached $126.1M. Signed a nine-figure defense deal and launched Project Swarm for drones.
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Integrated rare earth producer and permanent magnet manufacturer
mpmaterials.comLast updated
In short: MP Materials reached record production levels and expanded domestic rare earth magnet manufacturing through major government partnerships.
NdPr production rose 41% and sales 127% YoY; consolidated revenue reached $126.1M. Signed a nine-figure defense deal and launched Project Swarm for drones.
It aggregates future rare earth magnet demand from drone manufacturers to build domestic production capacity.
The company will release results after market close on August 6, 2026, followed by a webcast.
The company seeks driven individuals to support mining, refining, metals, and magnetics efforts across the supply chain.
China’s threat to cancel the Trump-Xi summit raised fears of renewed critical-mineral supply problem...
MP Materials (NYSE:MP) is nearing targeted production levels for neodymium-praseodymium, or NdPr,...
Tesla's new Cybercab motor eliminates rare earth metals, yet MP Materials shares rise as investors anticipate high raw material prices.
According to a Reuters report, some Chinese suppliers are refusing to ship rare earth materials to U...
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