MP Materials Corp. (NYSE:MP) shares are trading higher premarket on Friday after the company reported fourth-quarter revenue growth of 48% year-over-year (Y/Y) to $61.0 million, beating the consensus of $51.0 million.
Revenue growth was driven by increased sales in the Materials Segment, on higher NdPr oxide and metal sales due to the transition to midstream production of separated products.
The company achieved a production of 11,478 metric tons of rare earth oxides (REO) in concentrate during the quarter, despite a planned maintenance shutdown, and sold 7,803 metric …
Full story available on Benzinga.com
MP Materials Corp. (NYSE:MP) shares are trading higher premarket on Friday after the company reported fourth-quarter revenue growth of 48% year-over-year (Y/Y) to $61.0 million, beating the consensus of $51.0 million.
Revenue growth was driven by increased sales in the Materials Segment, on higher NdPr oxide and metal sales due to the transition to midstream production of separated products.
The company achieved a production of 11,478 metric tons of rare earth oxides (REO) in concentrate during the quarter, despite a planned maintenance shutdown, and sold 7,803 metric …
Full story available on Benzinga.com
MP Materials Corp. (NYSE:MP) shares are trading higher premarket on Friday after the company reported fourth-quarter revenue growth of 48% year-over-year (Y/Y) to $61.0 million, beating the consensus of $51.0 million.
Revenue growth was driven by increased sales in the Materials Segment, on higher NdPr oxide and metal sales due to the transition to midstream production of separated products.
The company achieved a production of 11,478 metric tons of rare earth oxides (REO) in concentrate during the quarter, despite a planned maintenance shutdown, and sold 7,803 metric …Full story available on Benzinga.com Read MoreBriefs, Earnings, Equities, Mid Cap, MP, News, REMX, SETM, Stories That Matter, why it’s moving, Top Stories, Movers, REMX, US57060U4720, MP, SETM, News, Earnings, Equities, Mid Cap, Top Stories, Movers, Benzinga News
