Feb 22 (Reuters) - Rare earths miner MP Materials MP.N said on Thursday it swung to a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs.
The company, which held unsuccessful merger talks earlier this year with rival Lynas Rare Earths (LYC) , posted a quarterly net loss of $16.3 million, or 9 cents per share, compared to a quarterly profit of $67 million, or 36 cents per share, in the year-ago quarter.
News: LYC MP Materials swings to quarterly loss on falling rare earths prices
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