Welcome to our dedicated page for Mp Materials Corporation news (Ticker: MP), a resource for investors and traders seeking the latest updates and insights on Mp Materials Corporation stock.
MP Materials Corp. (NYSE: MP) is a rare earth materials and magnetics company that describes itself as America’s only fully integrated rare earth producer, with activities spanning mining, processing, advanced metallization, magnet manufacturing, and recycling. The MP news feed on Stock Titan aggregates company-issued press releases and related updates so readers can follow how these operations and partnerships evolve over time.
Recent news highlights include a strategic public–private partnership with the U.S. Department of Defense, later referenced as the U.S. Department of War (DoW), aimed at accelerating an end-to-end U.S. rare earth magnet supply chain. Filings and press releases describe a multibillion-dollar package of investments, a long-term NdPr price floor protection agreement, and a 10-year magnet offtake agreement tied to MP’s planned 10X magnet manufacturing facility. Updates also cover the company’s decision to cease sales of products to China in support of domestic supply chain objectives.
Investors can also follow announcements on quarterly financial and operational results, including production and sales volumes for rare earth oxides and NdPr products, as well as revenue contributions from the Materials and Magnetics segments. MP’s news frequently details the ramp-up of magnetic precursor product sales, commissioning progress at magnet manufacturing facilities, and developments in heavy rare earth separation at Mountain Pass.
Another recurring theme in MP Materials news is strategic commercial and international activity, such as the long-term magnet supply and recycling agreement with Apple and the joint venture with Maaden and the DoW to develop a rare earth refinery in Saudi Arabia. For users tracking critical minerals, defense-related materials supply chains, or magnet manufacturing, the MP news page offers a single place to review earnings releases, partnership announcements, capital markets transactions, and conference participation updates. Bookmark this page to quickly access new MP Materials disclosures as they are released.
MP Materials Corp. (NYSE: MP) will release its Q4 and full-year financial results for 2021 on February 24, 2022, after U.S. market close. A conference call will be held at 2:00 PM PST (5:00 PM EST) to discuss these results. MP Materials, based in California, is the largest producer of rare earth materials in the Western Hemisphere, vital for advanced technologies including electric vehicles and drones. The company is focused on increasing domestic manufacturing capabilities for rare earth elements essential for modern technology.
MP Materials Corp. (NYSE: MP) announced that Chairman and CEO James Litinsky will participate in a virtual fireside chat at Baird’s Vehicle Technology and Mobility Conference on January 25, 2022, at 4:40 p.m. Eastern Time. Investors can access a live webcast and replay via their investor relations website. MP Materials, based in California, is the largest producer of rare earth materials in the Western Hemisphere, essential for various advanced technologies including electric vehicles and wind turbines.
MP Materials Corp. (NYSE: MP), the largest rare earth materials producer in the Western Hemisphere, will participate in a virtual panel at Morgan Stanley’s 8th Annual Auto 2.0 Conference on January 5, 2022, at 10:30 a.m. Eastern Time. A live webcast will be available on their investor relations site. The company operates the Mountain Pass Rare Earth Mine, the only large-scale rare earth site in North America, producing about 15% of the global rare earth content, crucial for advanced technologies like electric vehicles and drones.
MP Materials Corp. (NYSE: MP) is set to establish its first rare earth magnet manufacturing facility in Fort Worth, Texas, sourcing materials from Mountain Pass, California. This facility will produce NdFeB alloy and magnets, with a capacity to power around 500,000 electric vehicle (EV) motors annually. A long-term agreement with General Motors (NYSE: GM) will supply U.S.-sourced materials for GM's Ultium Platform vehicles. Production is expected to commence gradually in 2023, creating over 100 skilled jobs and enhancing the domestic rare earth supply chain.
MP Materials Corp. (NYSE: MP) reported record financial results for Q3 2021, showcasing a 143% year-over-year revenue increase to $99.8 million and a 192% rise in net income to $42.8 million. Adjusted EBITDA surged 488% to $68.3 million driven by higher demand for rare earth materials, with production volumes up 18% and sales volumes rising 36%.
Strong operational efficiencies and pricing contributed to significant profitability growth, indicating continued successful execution of the company's strategic goals to restore the rare earth supply chain in the U.S.
MP Materials Corp. (NYSE: MP), the leading producer of rare earth materials in the Western Hemisphere, announced participation in a fireside chat at the 45th Annual Gabelli Automotive Symposium in Las Vegas, Nevada, on November 1, 2021, at 12:30 p.m. PT. The event underscores MP Materials' role in the rare earth market, responsible for approximately 15% of the global content in 2020. The company operates the Mountain Pass Rare Earth Mine, the only significant site of its kind in North America, promoting sustainability and restoring American leadership in this critical industry.
MP Materials (NYSE: MP), the leading producer of rare earth materials in the Western Hemisphere, will announce its third-quarter financial results for the period ending September 30, 2021, on November 4, 2021, after U.S. market close. Management will host a conference call at 2:00 PM PT to discuss these results. Investors can find additional details and access the presentation on the Company's investor relations website.
MP Materials Corp. announced a registered secondary public offering on September 13, 2021, pricing 4,250,000 shares at $35.00 per share, an increase from 4,000,000 shares. The offering is conducted by existing stockholders, not directly benefiting MP Materials, which will not receive proceeds. The underwriters hold a 30-day option to acquire an additional 637,500 shares. This transaction is expected to close on September 16, 2021. Morgan Stanley leads the offering, and investors are encouraged to review the prospectus for detailed information.
MP Materials Corp. (NYSE: MP) announced a proposed registered secondary public offering of 4,000,000 shares of common stock by existing stockholders. The offering includes a 30-day option for underwriters to purchase an additional 600,000 shares. MP Materials will not sell any shares nor receive proceeds from this offering, which won't alter the number of outstanding shares. Morgan Stanley is the lead book-running manager. This press release does not constitute an offer to sell or a solicitation to buy securities and is subject to market conditions.
MP Materials Corp. (NYSE: MP), the leading rare earth materials producer in the Western Hemisphere, announced upcoming virtual conferences featuring its executive management team.
- A fireside chat at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 8, 2021.
- A fireside chat at the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15, 2021.
- A fireside chat at the D.A. Davidson 20th Annual Diversified Industrials & Services Conference on September 23, 2021.
Live webcasts will be accessible at MP Materials Investor Site.
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