MP Materials Set for Quarterly Report Amid Rare Earth Price Surge

A key rare earth price for MP Materials surges above a US defense contract floor, boosting prospects ahead of its quarterly earnings report this week.

A crucial benchmark price for MP Materials has climbed to its highest point in over two and a half years. This development arrives just days before the company is scheduled to release its latest quarterly financial results, placing a spotlight on its upcoming earnings call.

The current market price for neodymium-praseodymium (NdPr) oxide—a vital component in the high-strength permanent magnets used in electric vehicles and defense systems—now stands at $123 per kilogram. This represents a substantial increase over the preceding seven months.

Price Move Exceeds Key Government Threshold

Significantly, the current price has moved above a specific floor of $110 per kilogram. This threshold was established as a minimum support level in a strategic agreement between MP Materials and the U.S. Department of Defense. As a direct consequence of the market price holding above this agreed-upon floor, the federal government is not currently obligated to provide subsidy payments for NdPr production.

Industry observers attribute the price appreciation to a period of constrained supply from China, which continues to be the dominant force in the global market for rare earth elements. Concurrently, Western governments are actively pursuing strategies to reduce their reliance on Chinese sources for these materials, which are deemed critical for both technological and national security applications.

Fourth-Quarter Earnings on Deck

This favorable pricing shift sets the stage for MP Materials' fourth-quarter 2025 report. The company will announce its results after U.S. markets close on Thursday, followed by a conference call with investors and analysts.

A live webcast and accompanying presentation materials will be made accessible through the company's investor relations website. Market participants will be listening closely for management's commentary on how the current pricing environment is impacting operations and for its perspective on the demand outlook for rare earths.

Thursday's release will therefore provide more than standard operational and financial metrics; it is expected to offer crucial insight into the extent to which the stronger NdPr pricing is already being reflected in the company's near-term performance.