MP Materials Corp. (MP)
Pre-market:
- GuruFocus.com
MP Materials Corp. Faces Significant Revenue Decline in Q1 2024 Despite Operational Achievements
Comparative Analysis of MP Materials' Financial Performance Against Analyst Expectations
- Reuters
MP Materials reports wider-than-expected Q1 loss on weak rare earth prices
MP processes rock it extracts from its Mountain Pass mine in California into rare earths concentrate. It is the second-biggest producer of rare earths outside China after Australia's Lynas Rare Earths and produces about 15% of the rare earth content consumed annually. Rare earths materials are critical to the energy transition and the future of the automotive industry.
- Reuters
UPDATE 2-MP Materials reports wider-than-expected Q1 loss on weak rare earth prices
Rare earths miner MP Materials reported wider-than-expected loss in first quarter on Thursday, hurt by lower concentrate sales and weak prices for the strategic minerals. MP processes rock it extracts from its Mountain Pass mine in California into rare earths concentrate. It is the second-biggest producer of rare earths outside China after Australia's Lynas Rare Earths and produces about 15% of the rare earth content consumed annually.
