Article

MP Materials is set to invest $1.2 billion in a new manufacturing facility in Northlake, Texas, aimed at boosting U.S. production of rare earth magnets. While the company reported a record production increase in NdPr oxide, revenue fell 14.9% due to reduced sales to China, and insider selling reached $43.5 million.

The U.S. Department of Defense and Apple have made significant investments in the company, reflecting strong institutional support.