OTHER · MATERIALS · RARE-EARTH MINING & MAGNETS
MP Materials
MPHQ Las Vegas, NV (Mountain Pass, CA mine)RANK #7 OF 27 COMPANIESLow Exposure
Ownership · Public (US government equity stake, 2025)
Key programs · Mountain Pass mine, Fort Worth magnet plant
ARSENAL SCORE
83
▲ 4 this quarter
DATA CONFIDENCE: HIGH — PUBLIC FINANCIALS VERIFIED
Pillar signature
Four pillars, 0–100, plotted against the other companies tier average.
THIS COMPANYTIER AVERAGE
How the score is built
Each pillar is weighted differently for other companies: other companies weight Surge Capacity and Investment Quality more heavily.
ARSENAL SCORE = Σ (PILLAR SCORE × SUBCONTRACTOR WEIGHT)
Surge Capacity78/100 · ×35%27.3 pts
Only scaled US rare-earth source; magnet capacity ramping but years to full independence.
Investment Quality82/100 · ×25%20.5 pts
DoD equity stake + price floor is a landmark strategic-capital signal.
America Score94/100 · ×20%18.8 pts
The flagship domestic-sourcing reshoring story — mine-to-magnet in the US.
Adversary Exposure80/100 · ×20%16.0 pts
Historically sold concentrate to China for processing; now explicitly building the ex-China alternative.
Arsenal Score82.6 pts83
Position in the Index
Arsenal Score against every other company in the index this quarter.
050100
RANK #7 OF 27 COMPANIES · INDEX AVERAGE 80
SOURCE: FPDS, SEC FILINGS, CFIUS NOTICES, SAM.GOV · METHODOLOGY: DEFENSEWATCH.COM/METHODOLOGYDEFENSE WATCH · Q3 2026