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MP's earnings soar on strong rare earth prices

US rare earths producer MP Materials’ earnings soared in the first quarter of 2022 amid strong demand for the commodity and a lift in the company’s production.

Nathan Richardson
MP magnetics plant plans

MP magnetics plant plans

The miner—which positions itself as the largest producer of rare earth materials in the Western Hemisphere—saw adjusted net income rocket by 316% year on year to US$96.34 million in Q1. Adjusted diluted...

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