10 Best Mineral Stocks to Buy Right Now

7. MP Materials Corp. (NYSE:MP)

Number of Hedge Fund Holders: 28

MP Materials Corp. (NYSE:MP) is a dominant player in the rare earth materials industry. It supports the supply chain for electric vehicles, electronics, and defense systems. The company operates the only large-scale rare earth mining and processing facility in the United States, named the Mountain Pass mine.

For Q3 ended September 30, 2024, rare earth prices weakened, which resulted in a 30% year-over-year decline in revenue. Despite the decrease in revenue, MP Materials Corp. (NYSE:MP) sustained a strong adjusted EBITDA margin of 41% and achieved $11 million in net income through increased production levels. The dip in revenue levels was influenced by the construction progress and operational development at the company’s Fort Worth facility, which promises increased long-term profits. Mountain Pass also set new production records in 2024 by surpassing 45,000 metric tons of rare earth oxides and 1,300 metric tons of neodymium-praseodymium (NdPr) oxide.

The financial standing of MP Materials Corp. (NYSE:MP) improved significantly after receiving a $58.5 million tax credit in April 2024 for Fort Worth facility development. The financial support enabled the company to reduce its debt and ensure operational growth. Investor trust in MP Materials remains robust, as its stock experienced a 56% increase in 2025 due to strategic investments and strong production growth. MP is one of the best materials stocks on our list.

MP Materials Corp. (NYSE:MP) is ready to continue expanding in the upcoming years. Automotive-grade NdFeB magnet trial production has begun at the Fort Worth facility, with shipments expected for delivery by the end of 2025. MP Materials also plans to increase production to 1,000 metric tons of magnets per year. This will help decrease dependence on foreign suppliers while capitalizing on increasing market demand.