{
  "id": 19188480,
  "title": "MP Materials at D.A. Davidson: scaling rare earths, magnets and costs",
  "url": "https://urgent.news/2026/11/09/mp-materials-at-d-a-davidson-scaling-rare-earths-magnets-and-costs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T18:14:15.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/mp-materials-at-da-davidson-scaling-rare-earths-magnets-and-costs-93CH-5012983"
  },
  "original_language": "en",
  "account": "MP Materials discussed its expanding rare earths, magnets, and cost management at the 2026 D.A. Davidson Critical Minerals Conference. The company highlighted progress at its Mountain Pass mine and Texas magnet plant, while also noting uncertainties in the Western rare earth supply market. CFO Ryan Corbett emphasized the company's vertical integration, from mining to magnet manufacturing, and the importance of securing NdPr feedstock. NdPr production exceeded 450 metric tons per month in Q3 2026, with guidance for 5,000 to 6,000 metric tons in 2027. The company qualified General Motors for magnets at its Independence, Texas facility in Q4 2026, with initial deliveries already underway. Management expects costs to decrease as production scales and a new chlor-alkali facility begins operations in early 2027. MP is focusing on heavy rare earth separation and recycling while maintaining flexibility for customer selection and product mix. NdPr supply remains the primary constraint on Western market growth, with the company aiming for 1,500 tons per quarter as a critical scale point for fixed-cost absorption. Current all-in NdPr oxide production costs are in the low-$60s per kilogram, with prices ranging from $60 to $110 per kilogram. Management expects production to continue rising and costs to improve as fixed costs are absorbed across shared infrastructure.",
  "summary": null,
  "key_points": [
    "MP Materials expanding rare earths, magnets at D.A. Davidson conference",
    "Q3 2026 NdPr production exceeds 450 metric tons per month, 5,000-6,000 metric tons target for 2027",
    "Costs expected to decrease as production scales, new chlor-alkali facility begins in early 2027"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}