Reports Q4 revenue $61M, consensus $50.71M. Produced 11,478 metric tons of rare earth oxides in concentrate, a record for a quarter with a planned maintenance shutdown and sold 7,803 metric tons; Produced 413 metric tons of NdPr oxide and sold 468 metric tons. “MP had a terrific year of execution across our materials and magnetics divisions,” said MP Materials (MP) Chairman and CEO, James Litinsky. “Notably, we achieved record upstream and midstream production at Mountain Pass and, in the fourth quarter, commenced commercial production of NdPr metal and trial production of automotive-grade magnets at Independence. As global supply chains face increasing scrutiny and the world races to secure the building blocks of physical AI, MP stands at the forefront, providing a domestic solution for the essential technologies of the future.”
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