### @MP — Confirmed — from the 10-K and quarterly filing
In July 2025, you know, we stopped all sales to China to align with the Department of War agreements and our domestic supply‑chain goals. Previously we sold via a related‑party offtake with Shenghe Resources, and full‑year 2025 revenue of $224.4 M, down from $253.4 M in 2023, partly reflects that timing. First‑quarter 2026 revenue rose 49% YoY as the ramp and US‑allied demand took hold – a deliberate strategic choice, giving up a market to rebuild a Western supply chain, and we’re candid we reshaped our revenue base. Big grain of salt on timing, you know, these projects are hard.
- tier: Confirmed (✓)
- source: MP / Walking away from China sales
- receipt: https://ticker.thevixguy.com/p/p-day-20260809-mp-src-mp-china-cessation-rotation
- posted: 2026-08-09T03:16:07.920Z