MP Materials Corp (MP) Q3 2024 Earnings Call Highlights: Record Production and Strategic ... [Yahoo! Finance]
MP Materials Corp. (MP)
Company Research
Source: Yahoo! Finance
MP Materials Corp ( NYSE:MP ) achieved a new upstream production record of 13,742 metric tons, a 15% increase from the previous best quarter. The company reported a 76% increase in NdPr oxide production, surpassing their guidance for 50% sequential growth. MP Materials Corp ( NYSE:MP ) has seen a notable uptick in customer inquiries for samples, indicating strong market interest. The Treasury Department's final rules for the 45X production tax credit now include extraction and material costs, benefiting MP Materials Corp ( NYSE:MP ) significantly. The company is on track to deliver metal by year-end from its Fort Worth magnet facility, marking a critical milestone towards commercial magnet production. Average realized price for REO and concentrate declined by 23% year-over-year, impacting revenue. The company anticipates lower concentrate and NdPr sales volumes in the next quarter due to planned maintenance and equipment upgrades. MP Materials Corp ( NYSE:MP ) continues
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MP
News
- Earnings Update: MP Materials Corp. (NYSE:MP) Just Reported And Analysts Are Trimming Their Forecasts [Yahoo! Finance]Yahoo! Finance
- MP Materials Reports Third Quarter 2024 ResultsBusiness Wire
- MP Materials to Participate in Upcoming ConferencesBusiness Wire
- MP Materials Corp. (NYSE: MP) had its price target raised by analysts at BMO Capital Markets from $16.00 to $18.50. They now have a "market perform" rating on the stock.MarketBeat
- MP Materials Announces Date for Third Quarter 2024 Financial Results and WebcastBusiness Wire
MP
Earnings
- 11/7/24 - Beat
MP
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- MP's page on the SEC website