Basic Materials

MP Materials operates the Mountain Pass rare earth asset and is building a broader U.S. magnet supply chain. Its appeal rests on strategic domestic positioning, exposure to electrification demand, and the possibility of moving from raw material sales to higher-value production.

Mineral Resources blends iron ore, lithium, mining services, and infrastructure in a way few peers do. That wider operating footprint has driven strong revenue expansion and gives the company meaningful leverage to project execution and a recovery in key commodity markets.