Shares of MP Materials (MP 11.89%), a miner of rare earth metals, shot up 11% through 10:15 a.m. ET Tuesday morning after China announced restrictions on exports to the U.S. of certain products containing gallium, germanium, antimony, and "superhard materials," according to a Reuters report. China is responding to analogous U.S. restrictions on exports to China of semiconductor chips and chipmaking technology. These new restrictions build on prior restrictions, announced in December 2023, on technology usef ...

MP Materials Corp. (NYSE:MP) Baird 2024 Global Industrials Conference November 13, 2024 11:15 AM ET Company Participants Ryan Corbett - Chief Financial Officer Conference Call Participants Ben Kallo - Baird Ben Kallo Thank you. Good day everyone. so, I'm Ben Kallo. This is my partner Davis Sunderland. We cover sustainable energy and mobility. Very happy to have the MP team here. We have the CFO, Ryan Corbett. Thank you, Ryan, for joining us. Ryan Corbett Good morning. Ben Kallo I think Ryan has a slide or t ...

MP Materials Corp. (NYSE:MP) Baird 2024 Global Industrials Conference November 13, 2024 11:15 AM ET Company Participants Ryan Corbett - Chief Financial Officer Conference Call Participants Ben Kallo - Baird Ben Kallo Thank you. Good day everyone. so, I'm Ben Kallo. This is my partner Davis Sunderland. We cover sustainable energy and mobility. Very happy to have the MP team here. We have the CFO, Ryan Corbett. Thank you, Ryan, for joining us. Ryan Corbett Good morning. Ben Kallo I think Ryan has a slide or t ...

Investment Rating - The report maintains an "OUTPERFORM" rating for the company [2][7]. Core Insights - MP Materials is the largest rare earth material producer in the Western Hemisphere, with a focus on neodymium praseodymium (NdPr) and a significant role in the global rare earth supply chain [7][16]. - The company reported a revenue of $62.927 million in Q3 2024, a year-on-year increase of 20%, primarily due to increased production and sales of rare earth oxides (REO) [7][16]. - The company aims to restore the complete rare earth supply chain in the U.S. to enhance its position in future green technology industries [9][18]. Financial Performance - Revenue projections for 2024, 2025, and 2026 are $151 million, $341 million, and $521 million respectively, with expected EPS of -$0.29, $0.36, and $0.65 [6][19]. - The gross profit margin is expected to turn positive in early 2025, with a significant increase in net profit forecasted for 2026 [7][19]. - The company’s REO production reached 13,742 tons in Q3 2024, a 28% year-on-year increase, while NdPr production was 478 tons, reflecting strong growth expectations [8][17]. Market Position and Strategy - MP Materials is strategically expanding its operations across the entire rare earth industry chain, from mining to processing and application [8][17]. - The company has completed the second phase of its vertical integration plan and is progressing towards the recovery of the rare earth metal magnet industry [9][18]. - The target price for the company is set at $21.60, based on a 60x PE valuation for 2025, reflecting its leadership in the Western rare earth industry [19].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39277 MP MATERIALS CORP. (Exact name of registrant as specified in its charter) Del ...

MP Materials (NYSE: MP ) has been building a fully integrated mining structure, from the upstream (mining) and midstream (refining) to the downstream (production of magnets) in a record time. While rare earth prices have probably bottomed out, they are still not elevated enough Hello readers! Passionate about technology, my focus will be on finding and analyzing companies that can play a relevant role in today's geopolitics, leverage their IP, and eventually, with time, become new leaders. Therefore, the in ...

MP Materials Corp. (NYSE:MP) Q3 2024 Earnings Call Transcript November 7, 2024 5:00 PM ET Company Participants Martin Sheehan - Senior VP of Investor Relations Jim Litinsky - Chairman, and Chief Executive Officer Ryan Corbett - Chief Financial Officer Michael Rosenthal - Chief Operating Officer Conference Call Participants Kevin Estok - Jefferies Matt Summerville - D.A. Davidson Greg Jones - BMO Bill Peterson - JPMorgan Ben Kallo - Baird Operator Hello. And welcome to the MP Materials’ Third Quarter 2024 Ea ...

MP Materials Corp. (MP) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.17, delivering a surprise of -70%. Over the last four quarters, the company has sur ...

Q3 2024 Results November 7, 2024 This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as "estimate," "plan," "shall," "may," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "will," "target," "on track," or similar expressions that pred ...

Exhibit 99.1 For the three months ended September 30, 2024 vs. 2023 MP Materials Reports Third Quarter 2024 Results Revenue increased 20% year-over-year to $62.9 million Record REO production of 13,742 metric tons, a 28% increase year-over-year Record NdPr production of 478 metric tons, a 76% sequential increase NdPr sales volumes nearly tripled sequentially to 404 metric tons Fort Worth metal production in commissioning with deliveries on track for year-end LAS VEGAS, November 7, 2024 – MP Materials Corp. ...