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MP Materials reports Q1 adjusted EPS (4c), consensus (2c)

Reports Q1 revenue $48.68M, consensus $48.5M. “The MP team continues to execute, delivering the second highest quarterly REO production ever at Mountain Pass,” said James Litinsky, Founder, Chairman, and CEO of MP Materials. “Despite the continued difficult pricing environment, we believe we enhanced MP’s intrinsic value with significant progress across our separations operation, our Upstream 60K expansion, and our magnetics business in Texas.”

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