Mp Materials, officially known as MP Materials Corp., is a leading player in the chemical and fertilizer minerals sector, specialising in the mining and quarrying of salt and other related products. Headquartered in the United States, the company operates primarily in North America, focusing on the extraction and processing of rare earth materials essential for various high-tech applications.
Founded in 2017, Mp Materials has quickly established itself as a key supplier in the industry, particularly noted for its unique capabilities in producing rare earth oxides. The company’s commitment to sustainable practices and innovation has positioned it favourably in the market, contributing to its reputation as a reliable source for critical minerals. With significant achievements in production efficiency and environmental stewardship, Mp Materials continues to play a vital role in the global supply chain for advanced materials.
-8 vs industry average
Mp Materials’s score of 10 is lower than 29% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Mp Materials's reported carbon emissions
MP Materials, headquartered in the US and operating within the chemical and fertilizer minerals, salt and other mining and quarrying products sector, reported approximately 102.7 million kg CO2e in Scope 1 and Scope 2 emissions for 2024. This figure comprises about 100 million kg CO2e from Scope 1 and approximately 2.7 million kg CO2e from Scope 2 (market-based).
In 2023, the company's Scope 1 and Scope 2 emissions totalled approximately 75.1 million kg CO2e, with Scope 1 accounting for about 73.6 million kg CO2e and Scope 2 (market-based) at approximately 1.5 million kg CO2e.
For 2022, MP Materials reported Scope 1 and Scope 2 emissions of roughly 57.4 million kg CO2e, consisting of approximately 56.6 million kg CO2e from Scope 1 and around 0.8 million kg CO2e from Scope 2 (market-based).
In 2021, the company's Scope 1 emissions were about 24.4 million kg CO2e, and Scope 2 (market-based) emissions were approximately 8.7 million kg CO2e, resulting in a combined total of around 33.1 million kg CO2e for these scopes.
MP Materials' climate commitments are not detailed, and there are no specific reduction targets or SBTi commitments provided for the company. The company's reporting currently focuses on Scope 1 and Scope 2 emissions, with Scope 3 data for purchased goods and services being a noted missing data point.
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Mp Materials’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Mp Materials yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Mp Materials
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