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MP Materials Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
Materials production and sales increaseMP Materials produced 840 metric tons of NdPr during the quarter, a 41% increase from a year earlier.
Chief Operating Officer Michael Rosenthal said the company expects third-quarter NdPr production to exceed 1,000 metric tons as plant reliability, throughput and operational consistency improve.
Materials sales volume is expected to be “flattish” sequentially, depending on shipment timing, sales mix and metallization lead times.
Corbett said the balance sheet, together with anticipated improvement in operating cash flow from increasing oxide and magnet sales, fully funds the company’s long-term capital plan.
About MP Materials (NYSE:MP)MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America.