MP Materials Corp. (MP) Research & Development Expenses
The r&d expense for MP Materials Corp. (MP) is $0 with a year-over-year change of -100.00%. Research and Development (R&D) expenses represent the costs incurred by a company in developing new products, services, or processes.
MP R&D Expense Chart
Current R&D Expense
$0
$0
Year-over-Year Change
-100.00%
vs. $9.31M prior year
Historical Data
8
Years of data available
Annual R&D Expense History
| Year | R&D Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $0 | $-9.31M | -100.00% |
| 2024 | $9.31M | $-5.63M | -37.67% |
| 2023 | $14.93M | +$10.68M | +251.42% |
| 2022 | $4.25M | +$54,000 | +1.29% |
| 2021 | $4.20M | +$4.05M | +2896.43% |
| 2020 | $140,000 | +$140,000 | — |
| 2019 | $0 | +$0 | — |
| 2018 | $0 | — | — |
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