NYSE:MP - New York Stock Exchange, Inc. - US5533681012 - Common Stock - Currency: USD
MP Materials reported 48% Y/Y revenue growth, record production of rare earth oxides, and a net loss in Q4.
The Las Vegas, Nevada-headquartered company produced 11,478 metric tons of rare earth oxides during the quarter despite disruptions caused due to maintenance shutdowns.
MP Materials has beaten revenue and earnings expectations in two of the previous four quarters. It owns and operates the Mountain Pass mine in California, the only operational rare earth mine and processing facility in the U.S.
The China ban on rare earth minerals is causing the United States to bolster their supply chain. These stocks can benefit and help their prices as well.
MP Materials is strategically positioned to capitalize on surging demand for rare earth elements in the expanding electric vehicle market.
S&P 500 futures are getting lift from a report that Trump tariffs may focus narrowly on strategic industries.
/PRNewswire/ -- One of the best performing assets on the planet right now could be a little-known critical strategic critical metal that has exploded 200% this...
MP Materials stock is rising as it makes progress in providing a supply of rare earth materials to U.S. customers that's safe from Chinese export controls.