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-9.13325417846846E-05 -0.000515115535665455 -0.000639327792492533 -0.00246597862818532 -0.00904192163667923 -0.00785459859347885 -0.0117818978902183 -0.0147063658781624
Stock impact report

MP Expects Return to Profitability in Q4: Achievable or Too Ambitious? [Yahoo! Finance]

MP Materials Corp. (MP) 
Company Research Source: Yahoo! Finance
The last adjusted profit was recorded by MP Materials in the third quarter of 2023. Since the fourth quarter of that year, earnings have remained in the red, as the company commenced production and sales of separated rare earth oxides, most notably neodymium-praseodymium (NdPr) oxide. Producing separated products is more costly than producing rare earth concentrates due to the additional processing required. These additional costs pertain to chemical reagents, employee labor, maintenance expenses and consumables. Due to the initial ramp-up of separated rare earth products, MP Materials' cost of sales nearly doubled to $192.6 million from $92.7 million in 2023. Costs were around 94% of revenues in 2024 from just 37% a year earlier. In the first nine months of 2025, the cost of sales was up 10% from the year-ago period. During this period, the increase in costs also reflects the production of magnetic precursor products, specifically neodymium-praseodymium (NdPr) metal at its Indep Show less Read more
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