07
Nov
14:36
Higher prices boost MP Materials in Q3
Rare earth producer MP Materials reports that revenues in third quarter 2022 grew by 25% over Q3 2021 to $124.4 million and net income increased in that same time 48% to $63.2m, Kallanish reports.
The production of rare earth oxide in Q3 reached 10,886 tonnes and sales totalled 10,676 t, the company says. Revenue in the quarter was driven by an increase in the realised price of rare earth oxide in concentrate, partially offset by lower sales volumes, it …
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