MP Materials quarterly loss narrows on rising sales of rare earths

MP Materials

07/05/2026 21:16

May 7 (Reuters) - Rare earths firm MP Materials MP.N said on Thursday its first-quarter loss narrowed as a jump in revenue offset rising operating costs.

The company posted a net loss of $7.9 million, or 4 cents per share, compared to a net loss of $22.7 million, or 14 cents per share, in the year-ago quarter.

The results were boosted by $42.3 million in price protection agreement income from the U.S. government as part of a 2025 investment deal.

 (Reporting by Ernest Scheyder; Editing by Chris Reese)

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