MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies

MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies MP Materials Corp. reported fourth quarter revenue of $52.7 million and net income of $9.4 million, or $0.05 per diluted share, yesterday reflecting a sharp year-over-year improvement driven largely by price floor protection under its agreement with the U.S. Department of War. Full year revenue rose 10% to $224.4 million as the company ramped separated product output and began generatin...

By Tyler Durden