Should You Buy MP Materials Stock While It's Below $50?
2026-04-07 08:50:00 ET
MP Materials (NYSE: MP) is a mining company with ambitions to become America's rare earth champion. For almost a decade, it has taken a formerly idle mine at Mountain Pass, California, and turned it into the only large-scale rare earth mining site in the United States.
The final product of this mine, forged from the refined rare earth elements extracted from it, is a tiny but critical magnet that keeps our modern world humming. Call them what you want -- the technical term is neodymium-iron-boron (NdFeB) magnets -- but they are found in everything from smartphones to electric vehicle (EV) motors to MRI machines.
The sheer ubiquity of these magnets, coupled with the uncommon mine-to-magnet operation that defines MP's business, has made this rare-earth miner's stock an interesting play on the supply chain of homegrown metals. The mining stock , however, trades at nearly 1,430 times forward earnings and 37 times sales. It's not cheap, even after its share price nosedived about 50% from all-time highs last October.
NASDAQ: MP
MP Trading
3.73% G/L:
$55.80 Last:
2,646,118 Volume:
$54.80 Open:
