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MP Materials' fourth-quarter loss widens on higher production costs

Reuters·02/20/2025 21:17:29
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MP Materials' fourth-quarter loss widens on higher production costs

- Rare earths producer MP Materials MP.N said on Wednesday its fourth-quarter loss widened due in part to higher production costs for the refining of the minerals.

The Las Vegas-based company reported a net loss for the period ended December 31 of $22.3 million, or 14 cents per share, compared to a net loss of $16.3 million, or 9 cents per share, in the year-ago quarter.


(Reporting by Ernest Scheyder; Editing by Chris Reese)

((ernest.scheyder@thomsonreuters.com; X: @ErnestScheyder; +1-469-691-7667; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))