MP Materials targets GM magnet shipments. Freedom Broker sets Hold for MP Materials stock
Published on 10/08/2026 at 19:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- MP Materials targets commercial magnet shipments to General Motors in the fourth quarter of 2026.
- Freedom Broker initiated coverage with a Hold rating and a USD 57.00 price target on September 16, 2026.
- MP Materials stock was at EUR 40.95 at Lang & Schwarz on October 8, 2026, minus 0.92 percent versus EUR 41.33.
- Second-quarter revenue rose 89.00 percent year over year to USD 108.49 million.
MP Materials stock was trading at EUR 40.95 at Lang & Schwarz on October 8, 2026 at 7:42 p.m. CEST, minus 0.92 percent versus the prior close of EUR 41.33. On October 2, 2026, Boerse Express reported that MP Materials was targeting commercial magnet shipments to General Motors in the fourth quarter, while MarketBeat said Freedom Broker initiated coverage with a Hold rating on September 16, 2026.
Three milestones shape the story
On August 6, 2026, MP Materials reported second-quarter revenue of USD 108.49 million, up 89.00 percent year over year, while its adjusted loss was USD 0.01 per share, according to MarketBeat.
On September 16, 2026, Freedom Broker set a USD 57.00 price target and a Hold rating, as reported by MarketBeat.
On October 2, 2026, General Motors said MP Materials was producing automotive magnets at its Independence facility while GM tested them in electric motors.
What does the GM step mean?
The commercial shipment target would move MP Materials further from concentrate production toward finished magnets, a more advanced position in the supply chain. The second-quarter operating picture already showed that scale is improving: neodymium-praseodymium sales volume reached 1,006 metric tons, up 127.00 percent year over year, according to Investing.com.
That improvement has not yet removed the earnings challenge. MP Materials reported a consolidated net loss of USD 20.30 million in the second quarter of 2026, compared with a USD 7.97 million loss in the first quarter, while second-quarter operating profit was negative USD 49.61 million.
Next date points to third quarter
TradingView lists October 29, 2026 as the next reporting date and identifies the period as the third quarter of 2026. The next report will give investors a clearer test of whether the magnet ramp is translating into higher sales and narrower losses.
MP stock remains below its yearly high
MP Materials had a market capitalization of USD 8.2 billion as of October 8, 2026. Its primary-exchange 52-week range was USD 37.81 to USD 100.25, so the Lang & Schwarz euro quote reflects a market value well below the dollar high without mixing the two currencies.
At Lang & Schwarz, MP Materials was trading at EUR 40.95 on October 8, 2026 at 7:42 p.m. CEST in after-hours trading, minus 0.92 percent versus the prior close of EUR 41.33. The further course of trading is shown by the continuously updated real-time quote of MP Materials stock.
MP Materials market snapshot
- Company: MP Materials Corp.
- ISIN: US5533681012
- Ticker: MP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 7:42 p.m. CEST): EUR 40.95
- Change versus prior close: minus 0.92 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 41.33
- Market capitalization: USD 8.2 billion (as of October 8, 2026)
- 52-week range: USD 37.81-100.25 (as of October 8, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
Market context: Market report S&P 500.
