MP Materials posts 89% jump in Q2 revenue…heads toward best week in 10 months

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1. 1MP Materials (MP) announced a sharp rise in Q2 NdPr production and sales along with a revenue surge, sending its stock toward its best week since September.
2. 2Q2 revenue came in at $108.5 million, up 89%, with NdPr production of 840 tons and sales of 1,006 tons.
3. 3CEO James Litinsky said customer demand continues to outpace production growth, and attention to U.S. critical-minerals policy has also come into focus.

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