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MP Materials Reports Fourth Quarter and Full Year 2024 Results

1. MP Materials reports robust Q4, launching commercial NdPr production. 2. Record rare earth oxide production and automotive-grade magnet trials boost market outlook.

Earnings
+4.83%Current Return
VS
-1.72%S&P 500
$23.1802/20 04:26 PM EDTEvent Start
$24.302/21 10:54 PM EDTLatest Updated
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FAQ

Why Bullish?

The announcement of record rare earth output and trial production of high-value automotive-grade magnets strengthens revenue prospects. Historically, similar production milestones have led to immediate price appreciation for MP.

How important is it?

The record production figures and new product trials are significant milestones that could positively influence investor sentiment and immediate price performance.

Why Short Term?

The robust Q4 performance and new production capabilities are likely to drive near-term investor optimism and price gains.

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ALBLYC
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”), today announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Commenced commercial production of NdPr metal at Independence Began trial production of automotive-grade magnets Produced 11,478 metric tons of rare earth oxides (“REO”) in concentrate, a record for a quarter with a planned maintenance shutdown and sold 7,803 metric tons Pro.

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