MP Materials (MP) – Rare Earths Leader with Big Growth Potential
If you’re looking for a growth stock that combines scarcity value with long-term demand drivers, MP Materials deserves a spot on your radar. The company owns the Mountain Pass mine in California, one of the few significant rare earth deposits outside of China. That alone gives it a competitive edge, as access to these materials is limited and increasingly viewed as a matter of national security.
The company isn’t stopping at mining. MP is building a rare earth magnet production facility, scheduled to start operations in 2027. This is an important step because magnets are the critical components used in everything from advanced tech to defense systems, and very few companies in the U.S. are capable of producing them. Apple clearly sees the potential—this summer it signed a long-term supply agreement with MP tied to the facility’s output.
Shares currently trade at around $95, giving MP a market cap of $16.8 billion. That’s not cheap, but considering the steep barriers to entry and its strong positioning in a strategically important market, the premium looks justified. With catalysts like Apple’s partnership and the upcoming magnet facility, MP could have plenty of room left to run.
While investors should always be aware of the risks tied to commodity prices and project execution, MP Materials looks like one of the most compelling long-term growth stories in the resource sector. For those willing to take on some volatility, this stock could be a core play on the rare earths theme.
