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MP Materials Corporation - MP STOCK NEWS

Welcome to our dedicated news page for MP Materials Corporation (Ticker: MP), a resource for investors and traders seeking the latest updates and insights on MP Materials Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MP Materials Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MP Materials Corporation's position in the market.

News
MP Materials Announces Date for First Quarter 2024 Financial Results and Webcast
Rhea-AI Summary
MP Materials Corp. (NYSE: MP) will release its Q1 2024 financial results on May 2, 2024, followed by a conference call and webcast. Pre-registration for the call is available, and a webcast replay will be provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
earnings
-
News
MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing
Rhea-AI Summary
MP Materials (NYSE: MP) secures a $58.5 million award to advance the construction of America’s first fully-integrated rare earth magnet manufacturing facility. The company aims to meet the growing global demand for neodymium-iron-boron magnets, essential for various industries, including electric vehicles and defense systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
none
-
News
MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes
Rhea-AI Summary
MP Materials Corp. announces the pricing of $650 million principal amount of its 3.00% Convertible Senior Notes due 2030, with an option to purchase an additional $97.5 million. The offering is upsized from $500 million, expected to close on March 7, 2024. The notes will mature on March 1, 2030, with an initial conversion rate of 45.9939 shares per $1,000 principal amount. The net proceeds are estimated to be around $632.8 million. MP Materials plans to use the proceeds for various purposes, including repurchasing shares and convertible notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.11%
Tags
none
News
MP Materials Announces Proposed Offering of Convertible Notes
Rhea-AI Summary
MP Materials Corp. announces plans to offer $500 million Convertible Senior Notes due 2030 through a private offering. The company intends to use the proceeds for capped call transactions, share repurchases, and general corporate purposes. The notes will mature on March 1, 2030, with possible conversion into cash or common stock. MP Materials also plans to repurchase a portion of its 2026 notes and engage in share repurchases to create shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
none
-
News
MP Materials Announces New Share Repurchase Authorization
Rhea-AI Summary
MP Materials Corp. announces a $300 million share repurchase program to create value for shareholders, allowing flexible purchases through various means.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
buyback
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News
MP Materials Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
MP Materials Corp. announced strong financial results for 2023, with revenue of $253.4 million, net income of $24.3 million, and Adjusted EBITDA of $102.5 million. The company produced 41,557 metric tons of rare earth oxides, 200 metric tons of NdPr oxide, and ended the year with $997.8 million in cash. Despite market challenges, MP Materials remains focused on creating shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.21%
Tags
earnings
News
MP Materials to Participate in Upcoming Conferences
Rhea-AI Summary
MP Materials Corp. (NYSE: MP) announces participation in upcoming conferences by key executives. James Litinsky to attend BMO 33rd Global Metals, Mining and Critical Minerals Conference, while Ryan Corbett to participate in Baird 2024 Vehicle, Technology & Mobility Conference. Webcasts and replays accessible on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
conferences
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News
MP Materials Announces Date for Fourth Quarter and Full Year 2023 Financial Results and Webcast
Rhea-AI Summary
MP Materials Corp. (NYSE: MP) will release its financial results for the fourth quarter and year ended December 31, 2023, after the U.S. markets close on Thursday, February 22, 2024. The company's management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Interested parties can access the conference call and webcast through the company's investor relations website. Callers have the option to pre-register to gain immediate access to the call and bypass the live operator. A webcast replay will also be available approximately one hour after the call has concluded.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.37%
Tags
earnings
-
News
MP Materials Reports Third Quarter 2023 Results
Rhea-AI Summary
MP Materials Corp. announced financial results for Q3 2023, including revenue of $52.5M and a net loss of $4.3M. They also revealed their 'Upstream 60K' strategy to increase REO production by 50% within four years. NdPr oxide shipments have begun, and trial production of NdPr metal is underway. Key performance indicators show a decrease in REO sales volume and a 22% increase in production cost per REO MT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
earnings
News
MP Materials to Participate in Upcoming Conferences
Rhea-AI Summary
MP Materials Corp. CFO to participate in upcoming conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.2%
Tags
conferences
Stock MP logo
MP Materials Corporation

NYSE:MP

MP Rankings

#1671 Ranked by Market Cap
#4514 Ranked by Stock Gains
N/A Ranked by Dividends

MP Stock Data

2.79B
134.74M
24.56%
54.28%
17.1%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Las Vegas

About MP

mp materials owns and operates mountain pass, the only rare earth mining and processing site in north america. rare earths power the modern economy. they are essential components in a wide range of industrial, clean energy and information technology applications. should you wish to consider employment opportunities, please submit your resume to: hr@mpmine.com additional inquiries can be made to: info@mpmine.com