MP Materials
MPMarket price data through September 1, 2026.
Performance
Sep 2021 – Sep 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -19%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$66
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- April 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 4 months
- How long Benson has been tracking this pick.
About MP Materials
MP Materials runs the only working rare earth mine in the United States, at Mountain Pass in California. Rare earths are the raw material for the powerful magnets inside electric motors, wind turbines and defense equipment. China controls most of the world's supply, which is what makes a single American mine strategically interesting.
The case for and against
Both sides of the story, in plain English.
- Revenue Nearly Doubled
Revenue reached 108.5 million dollars in the quarter ended June 2026, against 57.4 million dollars a year earlier. That is an 89 percent jump. The core product, a rare earth material called NdPr, went from 25.0 million dollars to 94.4 million dollars of sales, close to four times bigger.
- The Only One In America
If the United States wants rare earth magnets without depending on China, this is currently the only domestic mine that can supply them. That position attracts government interest and long term supply agreements that a normal mining company would never get. The company is also building magnet manufacturing rather than just digging up ore.
- It Does Not Make Money Yet
Despite revenue nearly doubling, the company still loses money, with margins around negative 14.6 percent. Mining and magnet plants swallow enormous amounts of cash before they pay anything back. Until that flips, growth alone does not make this a profitable business.
- One Customer Is Forty Percent
A single customer accounts for about 40 percent of all revenue. If that relationship changed, the effect would be immediate and severe. Rare earth prices are also set globally and can be pushed around by decisions made overseas, which is the exact dependency this company exists to escape.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-09-01. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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