How to Buy MP Materials (NYSE: MP)

MP Materials owns the only operational rare earths mine in the U.S., at Mountain Pass, California. The company has a fully integrated business spanning the extraction, refining, and manufacturing of rare earths. It also has a state-of-the-art manufacturing facility in Texas where it combines rare earths with other metals to produce powerful magnets.

In 2025, the U.S. Department of Defense (DoD) agreed to buy $400 million of preferred stock in MP Materials. This investment supports the expansion of its processing capacity and the construction of a second magnet manufacturing facility in the U.S. to supply key components to military weapons systems.

In mid-2025, MP Materials also signed a $500 million deal with tech titan Apple (AAPL -0.93%) to develop a recycling facility for rare earth magnets.

These and other deals have sent shares of MP Materials soaring. Here's everything you need to know about how to invest in the rare earths company.

How to buy MP Materials stock

Anyone interested in buying MP Materials stock can purchase shares in their brokerage account. Here's a step-by-step guide to adding the rare earth company to your portfolio.

• Step 1: Open your brokerage account: Log in to your brokerage account, where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
• Step 2: Search for MP Materials: Enter the ticker "MP" into the search bar to bring up the stock's trading page.
• Step 3: Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
• Step 4: Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
• Step 5: Submit your order: Confirm the details and submit your buy order.
• Step 6: Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

Should you invest in MP Materials?

You need to dig into a company and thoroughly research it before buying its stock. This due diligence process will hopefully increase your conviction that the company can be a winning investment. However, you might uncover something about the company that changes your opinion on buying shares.

With those factors in mind, here are some reasons you might want to invest in MP Materials:

• You want to invest in a company producing the rare earths crucial to the energy industry, transportation sector, technology space, and the military.
• You believe that the mining company can play a strategic role in helping the U.S. reduce its reliance on foreign supplies of rare earths.
• You think MP Materials can increase its revenue rapidly, which should enable it to become consistently profitable.
• You're comfortable with investing in a company that went public through a special purpose acquisition company (SPAC) merger.
• You don't need dividend income right now.

On the other hand, here are some reasons you might choose not to invest in MP Materials.

• You're leery of investing in companies that went public through a SPAC.
• You want to invest only in companies that consistently generate profits.
• You're in or nearing retirement and require dividend income from your investments.
• You're concerned about the company's valuation following the significant rise in its share price.

Is MP Materials profitable?

Digging into a company's profitability is a crucial aspect of investment research. Increasing profitability is typically the primary factor driving a company's stock price over the long term.

MP Materials wasn't consistently profitable as of mid-2025. In 2024, the rare earths company recorded a net loss of $65 million on $204 million of revenue. That was down from $24 million of net income in 2023 on $253 million in revenue.

The company also reported a net loss of almost $23 million in the first quarter of 2025. That reversed the more than $16 million of net income it posted in the year-ago period, despite its revenue jumping 25% to almost $61 million in the first quarter of 2025.

Rising costs have affected the company's profitability over the past year. One factor driving its increased costs is the growing employee headcount required to support its expansion. As sales grow due to the company's expansion initiatives with Apple, the Department of Defense, and other partners, its profitability should improve.

Although the company isn't consistently profitable, it maintains a solid balance sheet. MP Materials ended the first quarter with almost $760 million in cash, cash equivalents, and short-term investments on its balance sheet, against approximately $910 million in debt.

Meanwhile, the DoD bought $400 million of the company's preferred stock in mid-2025. That provided it with a cash infusion to help expand its business.

The bottom line

MP Materials is the only U.S. producer of rare earths, which are crucial to our modern society and defense. The company's strategic position in the U.S. has made it a magnet for customers seeking to secure a greater portion of their rare earth supply domestically. That positions it to grow rapidly in the coming years, which could continue driving its shares higher.

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