We are present in strategic industries for Human Progress. Learn more about it here. MP Materials (NYSE: MP) operates the only rare earth mine and processing facility of scale in North America, but it competes in a market shaped by Chinese state production dominance and a rapidly expanding field of Western challengers. The strongest U.S. light rare earth ecosystem today remains the MP Materials platform, anchored by Mountain Pass, downstream magnet production in Texas, and the planned Northlake 10X expansion. Countries are accelerating rare earth and strategic metals production, led by MP Materials, Albemarle, and Lithium Americas in North America. Global metals companies expanding rare earth supply outside China include Lynas, Pilbara Minerals, and Iluka Resources. Explore the leading critical minerals companies including BHP, Rio Tinto, Glencore, Albemarle, SQM, Freeport-McMoRan, Vale, Lynas Rare Earths, MP Materials, and Pilbara Minerals shaping battery, energy, defense, and technology supply chains. REEx analyzes MP Materials, Lynas, USA Rare Earth, Energy Fuels, and Neo to show where security premiums end and speculation begins in 2026. As of mid-2026, the rare earth supply chain outside China rests on two anchors: Lynas Rare Earths and MP Materials. Together they cover roughly a quarter to a third of global demand, backed by a thin second tier of emerging projects in Australia, North America, the Middle East and Brazil.