MP Materials Corp. (MP) Property, Plant & Equipment
The pp&e for MP Materials Corp. (MP) is $1.38 Billion with a year-over-year change of +9.75%. Property, Plant & Equipment (PP&E) represents the long-term tangible assets used in operations, including land, buildings, machinery, and equipment, shown net of accumulated depreciation.
MP PP&E Chart
Current PP&E
$1.38B
$1.38 Billion
Year-over-Year Change
+9.75%
vs. $1.26B prior year
Historical Data
8
Years of data available
Annual PP&E History
| Year | PP&E | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.38B | +$122.86M | +9.75% |
| 2024 | $1.26B | +$92.06M | +7.88% |
| 2023 | $1.17B | +$232.28M | +24.82% |
| 2022 | $935.84M | +$325.23M | +53.26% |
| 2021 | $610.61M | +$107.61M | +21.39% |
| 2020 | $503.00M | +$456.03M | +970.85% |
| 2019 | $46.97M | $-5.96M | -11.26% |
| 2018 | $52.93M | — | — |
Related Metrics
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