Rare earth miner MP Materials gains after swinging to Q4 profit

MP Materials

27/02/2026 11:21

** Shares of rare earth miner MP Materials MP.N rise 1% to $60.70 premarket

** In results posted late on Thursday, co swung to profit in Q4, exceeding analysts' expectations, driven by price support agreement with the U.S. government and sales of magnetic material

** MP posted net income of $9.4 million, or 5 cents per share, compared with a net loss of $22.3 million, or 14 cents per share, in the year-ago period

** Co will also build a second magnet facility as part of its agreement with the U.S. Department of Defense to manufacture 10,000 metric tons of magnets annually

** MP up 18.76% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))