MP Materials Corp. (MP) Interest Expense
The interest expense for MP Materials Corp. (MP) is $31.48 Million with a year-over-year change of +36.81%. Interest expense is the cost a company incurs for borrowed funds, including interest on bonds, loans, and other forms of debt financing.
MP Interest Expense Chart
Current Interest Expense
$31.48M
$31.48 Million
Year-over-Year Change
+36.81%
vs. $23.01M prior year
Historical Data
8
Years of data available
Annual Interest Expense History
| Year | Interest Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $31.48M | +$8.47M | +36.81% |
| 2024 | $23.01M | +$17.76M | +337.95% |
| 2023 | $5.25M | $-532,000 | -9.19% |
| 2022 | $5.79M | $-3.12M | -35.02% |
| 2021 | $8.90M | +$3.90M | +77.76% |
| 2020 | $5.01M | +$1.60M | +46.81% |
| 2019 | $3.41M | $-1.60M | -31.98% |
| 2018 | $5.02M | — | — |
About MP Materials Corp.
MP Materials Corp. manages and operates facilities dedicated to the extraction and refinement of rare earth elements. The company's primary asset is the Mountain Pass Rare Earth mine, a key operation situated within the Western Hemisphere. MP Materials holds comprehensive mineral rights for this significant deposit and its surrounding areas, alongside proprietary intellectual property essential for the ongoing processing and technological development of rare earth minerals. Its product offerings include critical elements such as cerium, lanthanum, neodymium, praseodymium, and samarium. Established in 2017, the company is headquartered in Las Vegas, Nevada.
- Sector
- Basic Materials
- Industry
- Industrial Materials
- CEO
- James Henry Litinsky