Mp Materials, officially known as MP Materials Corp., is a leading player in the rare earth materials industry, headquartered in the United States. Founded in 2017, the company has rapidly established itself as a key supplier of high-purity rare earth materials, essential for various advanced technologies, including electric vehicles, renewable energy systems, and consumer electronics. With major operations in Mountain Pass, California, Mp Materials is renowned for its unique ability to produce neodymium and praseodymium, critical components in powerful permanent magnets. The company’s commitment to sustainable practices and domestic production has positioned it as a vital contributor to the US supply chain, particularly in the context of growing demand for clean energy solutions. Notably, Mp Materials has achieved significant milestones, including becoming the largest producer of rare earth materials in North America, reinforcing its market leadership and commitment to innovation.
How does Mp Materials's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Mp Materials's score of 22 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, MP Materials reported total carbon emissions of approximately 102,028,000 kg CO2e, comprising about 100,028,000 kg CO2e from Scope 1 and about 2,702,000 kg CO2e from Scope 2 emissions. In the previous year, 2023, the company recorded emissions of about 74,627,000 kg CO2e for Scope 1 and approximately 1,080,000 kg CO2e for Scope 2 in the US. This indicates a significant increase in emissions from 2023 to 2024. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Furthermore, MP Materials has not set any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Overall, while MP Materials has made strides in reporting its emissions, the lack of reduction targets and the increase in emissions highlight the need for enhanced climate commitments moving forward.
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 24,408,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 8,685,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Mp Materials has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
