Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39277 MP MATERIALS CORP. (Exact name of registrant as specified in its charter) Delawar ...

财务数据和关键指标变化 - 公司在第一季度生产了11,151吨稀土氧化物和浓缩物,同比增长4.5%,环比增长20%以上,主要由于设备运行时间接近创纪录水平和进料率较高 [20] - 公司销售了9,332吨稀土氧化物和浓缩物,同比有所下降,因为公司将近四分之一的浓缩物产量用于下游业务,而去年全部产量都可用于销售 [20] - 公司实现的稀土氧化物和浓缩物平均价格为4,294美元/吨,由于稀土材料市场价格整体疲软 [20] - 公司第一季度收入为4,870万美元,同比下降,主要由于浓缩物价格和销量下降,部分被NdPr氧化物和金属销售增加所抵消 [25] - 公司第一季度调整后EBITDA为负120万美元,EBITDA利润率为负3%,主要由于浓缩物价格下降和分离产品产能利用率较低 [25][26] - 公司第一季度调整后每股收益为负4美分,受到调整后EBITDA下降和折旧费用增加的影响 [28] 各条业务线数据和关键指标变化 - 上游业务生产了11,151吨稀土氧化物和浓缩物,创历史第二高 [8] - 下游NdPr金属产量为131吨,与第四季度基本持平 [22] - 公司在第一季度实现了首次向日本客户的NdPr金属销售,正在稳步拓展非中国客户群 [11] - 公司的下游磁性材料业务取得重大进展,Fort Worth工厂的初始1,000吨设计产能已全部承诺 [12][13] 各个市场数据和关键指标变化 - 公司第一季度NdPr金属销量为134吨,主要销往日本客户 [23] - 公司实现的NdPr平均价格为62美元/公斤,较第四季度有明显滞后 [24] 公司战略和发展方向及行业竞争 - 公司正在推进Upstream 60K项目,未来4年内将使Mountain Pass上游产能增加约50% [10] - 公司正在积极拓展非中国客户群,并建立可靠的分离产品供应商地位 [11] - 公司正在建设Fort Worth磁性材料工厂,成为全球规模化永磁材料制造商的知识产权和运营中心 [13][14] - 公司认为中国企业正在向全球扩张,将对西方汽车制造商造成冲击 [143][144][145][146] - 公司看好机器人等新兴应用对稀土需求的长期增长潜力 [135][136][137][138] 管理层对经营环境和未来前景的评论 - 公司认为当前行业环境仍然充满挑战,但相信未来会出现"暴力"的市场改善 [52][53][54][135][136][137][138][143][144][145][146] - 公司认为中国企业正在向全球扩张,将对西方汽车制造商造成冲击,但这也可能导致中国企业在关键原材料上的定价优势消失 [143][144][145][146] - 公司看好机器人等新兴应用对稀土需求的长期增长潜力 [135][136][137][138] 问答环节重要的提问和回答 问题1 **Matt Somerville 提问** 询问公司NdPr产品产能提升的时间节点和价格条件 [61][62] **Ryan Corbett 回答** 公司将在第二季度实现NdPr产量大约翻倍,并在下半年实现更大幅度提升。公司将根据现金流优化的原则来决定产能提升的节奏 [63][64] 问题2 **George Gianarikas 提问** 询问公司对Gina Rinehart增持公司股份的看法 [72] **Jim Litinsky 回答** 公司认为Gina Rinehart的增持反映了她看好公司的价值,这对公司来说是一个积极信号 [73] 问题3 **David Deckelbaum 提问** 询问公司是否考虑通过并购等方式来扩大资源储备和产能 [112][113][114][115] **Jim Litinsky 回答** 公司目前主要集中于内部Upstream 60K和Fort Worth项目的执行,虽然会关注外部机会,但当前的内部项目更具吸引力,公司将保持谨慎的并购策略 [112][113][114][115]

Q1 2024 Results May 2, 2024 Safe Harbor This presentation contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “estimate,” “plan,” “shall,” “may,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “will,” “target,” or similar expressions that predict o ...

MP Materials Reports First Quarter 2024 Results REO production of 11,151 metric tons, the second highest ever Initial design capacity (1,000 mt) of magnetics facility fully committed Repurchased 13.0 million shares of common stock, or 7.3% of shares outstanding, for $15.43 per share Issued $747.5 million of new 3.0% convertible notes due 2030 Repurchased $480.0 million of existing convertible notes due 2026 for $428.6 million Awarded $58.5 million tax credit to advance U.S. rare earth magnet manufacturing L ...

USA News Group Commentary Issued on behalf of Ares Strategic Mining Inc. VANCOUVER, BC, May 1, 2024 /PRNewswire/ -- In an effort to bolster the domestic supply chain for critical minerals and materials, the Biden Administration recently announced a $17.5-million investment to develop more affordable, sustainable production processes throughout the USA. The announcement came just days after the Center for Strategic & International Studies's (CSIS) Project on Critical Minerals Security launch, meant to build ...

MP Materials Corp. (MP) closed the latest trading day at $14.74, indicating a -1.93% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 1.23%. Elsewhere, the Dow lost 1.36%, while the tech-heavy Nasdaq lost 1.4%. The company's stock has climbed by 1.97% in the past month, falling short of the Basic Materials sector's gain of 7.94% and outpacing the S&P 500's gain of 1.61%. Investors will be eagerly watching for the performance of MP Materials Corp. in its ...

MP Materials (MP) announced that it received a $58.5-million award to advance the construction of its fully integrated rare earth magnet manufacturing facility. This will be the first of its kind facility in the United States, with a capacity to produce approximately 1,000 tons of Neodymium-iron-boron (NdFeB) magnets annually. MP Materials began construction on its manufacturing site in Fort Worth, TX, in April 2022. It plans to start the commercial production of precursor materials in Fort Worth in the sum ...

公司表现 - MP Materials Corp. 是近期 Zacks.com 上搜索量最高的股票之一[1] - 公司股价过去一个月下跌了-7.6%，而 Zacks S&P 500 综合指数上涨了+3.3%[2] - MP Materials 在过去四个季度中三次超过了盈利预期，三次超过了营收预期[13] 盈利预期 - 当前季度，MP Materials 预计每股亏损 $0.03，同比下降了-111.1%[5] - 对于当前财年，预计每股亏损 $0.01，同比下降了-102.6%[6] - 下一个财年，预计每股盈利 $0.55，同比增长了+5,566.7%[7] 评级和估值 - 分析师们对 MP Materials 的盈利预期发生了变化，这直接影响着股票的公允价值[4] - Zacks Rank 工具给予 MP Materials 4 (卖出) 的评级，这是基于盈利预期修订等因素的综合结果[8] - 公司的估值被评为 F，表明其相对同行公司而言处于溢价状态[17] 市场展望 - 总体来看，MP Materials 在短期内可能会表现不如整个市场[18]

Photofex MP Materials Corp. (NYSE:MP) is a leading producer of rare earth elements. This mining facility is located in Mountain Pass, California, which is near the Mojave National Preserve. The rare earth elements that it produces are used in so many products that are critical for our modern life. They are used in clean energy, automotive, military, and many high-tech products. What makes this situation unique is that MP Materials is one of the few producers in the Western world. These elements cannot be so ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about MP Materials Corp. (MP) . MP Materials Corp. currently has an average br ...