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MP Materials Stock Surges on CEO’s Rare Earth Dominance Claim

MP Materials Stock Surges on CEO’s Rare Earth Dominance Claim

Author:

Global Cryptocurrency

Published:

2025-11-07 20:58:02

15

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BTCCSquare news:

MP Materials (MP) shares rallied 12% Friday after CEO James Litinsky declared the company holds a multi-year lead in rare earth supply chains and magnet production. The bold assertion came during Q3 2025 earnings showcasing record NdPr oxide output and $53.6 million revenue.

The Las Vegas-based miner's vertically integrated model—spanning extraction to magnet manufacturing—positions it as a critical supplier for EV, defense, and renewable energy sectors. Its Magnetics segment generated $21.9 million this quarter, while cash reserves of $1.5 billion fuel expansion of Texas production facilities.

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