Added to YB: 2025-05-28
Pitch date: 2025-04-10
MP [bearish]
MP Materials Corp.
-122.09%
current return
Author Info
No bio for this author
Company Info
MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America.
Market Cap
$3.2B
Pitch Price
$23.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
-48.05
P/E
-35.24
EV/Sales
17.77
Sector
Metals and Mining
Category
special_situation
MP Materials Corp. - $MP (short)
MP short: Stage 2 refining is uneconomic at $60/kg NdPr with costs of $80-100/kg vs $27/kg target. China tariff loser not winner - 85% of sales go to China, facing potential 84% retaliatory tariff (-$160M EBITDA hit). Can't make Stage 3 magnets without DyTb, which China banned. $0 PT, 2-5yr bankruptcy timeline.
Read full article (7 min)