06
Aug
15:40
RARE EARTH: MP Materials boosted in Q2 by higher REO prices, production
Buoyed by rising rare earth prices, California-based MP Materials reports a net gain of $27.2 million or $0.15/share in second quarter 2021, compared to a net loss of $62.5m or $0.92/share in 2Q 2020, Kallanish reports.
“MP Materials’ second quarter results demonstrate our strong execution as demand for rare earth materials continues to grow,” says chairman and ceo James Litinsky in a statement. “The MP team produced the highest quarterly R…
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