Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation ...

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 ...

Financial Data and Key Metrics Changes - MP Materials achieved a record production of 13,742 metric tons of contained REO, a 15% increase from the previous best quarter, and a 28% increase year-over-year [4][10] - Sales volumes for REO reached 9,729 metric tons, representing a 6% increase year-over-year and a 67% increase sequentially [10] - Average realized price for REO and concentrate was $4,425 per metric ton, a 23% decline year-over-year but a 6% increase sequentially [10][11] - NdPr oxide production was 478 metric tons, a 76% increase from Q2 and nearly 10 times last year's production levels [5][11] - Revenue increased by 20% year-over-year despite negative pricing comparisons [12] Business Line Data and Key Metrics Changes - Upstream operations saw a significant increase in production and sales, with a focus on achieving Upstream 60K optimizations [5][6] - Midstream operations achieved record production of NdPr oxide, with sales volumes nearly tripling from Q2 [5][11] - The downstream magnetics business is on track to deliver metal by year-end, with first production of on-spec magnets expected soon [9][21] Market Data and Key Metrics Changes - There has been a notable uptick in customer inquiries for samples and potential orders, indicating strong demand [7] - The final rules for the 45X Advanced Manufacturing Production Tax Credit were issued, allowing for a 10% credit on costs related to producing critical minerals, which is significant for MP Materials [8][15] Company Strategy and Development Direction - The company is focused on scaling its operations across upstream, midstream, and downstream segments, with an emphasis on achieving profitability in refining operations [7][23] - MP Materials aims to onshore critical supply chains in the U.S., aligning with national security interests and recent political shifts [24][32] - The company is committed to maximizing long-term free cash flow while maintaining a strong balance sheet [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive gross margins in midstream operations by Q1 of next year, despite expected challenges in Q4 [7][13] - The political landscape is seen as favorable for the company, with a strong mandate for supporting critical materials and supply chains [24][32] - Management anticipates a significant increase in demand for robotics applications, which could drive future growth [26][30] Other Important Information - The company ended Q3 with approximately $866 million in cash and $94 million in net debt, following share repurchases [14][15] - The company is experiencing operational challenges but remains optimistic about future production increases and efficiency improvements [20][39] Q&A Session Summary Question: Demand for new robotics applications and magnetic optic agreements - Management noted significant activity in robotics, with potential for increased demand in the future, although mass production is still a few years out [26][28] Question: Political landscape changes post-election - Management highlighted an overwhelming mandate for supporting American jobs and critical supply chains, which aligns with the company's mission [32][34] Question: Timeline for Midstream business becoming EBITDA positive - Management indicated that positive EBITDA for the Midstream business is expected not too far behind achieving positive gross margins [36][37] Question: Impact of Myanmar events on supply chains - Management acknowledged potential supply volatility from Myanmar but suggested it could lead to upward pressure on pricing in the medium term [44][45] Question: End market demand and pricing stability - Management observed stable pricing for NdPr and noted potential for increased demand due to recent stimulus in China [48][49] Question: Customer requests for products and geographical distribution - Management confirmed direct relationships with major non-Chinese OEMs and ongoing discussions with various industries for potential future sales [50][51]

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 ...