Feb 22 (Reuters) - Mp Materials MP.N :
- CEO JIM LITINSKY: RARE EARTHS PRICING ENVIRONMENT 'VERY FRUSTRATING'
- CEO: COMPANY 'RECENTLY BEGAN PRODUCING NDPR METAL' IN VIETNAM
- CEO: COMPANY HAS 'FIRM COMMITMENTS FOR A SIGNIFICANT PORTION' OF NDPR PRODUCTION FROM JAPANESE CUSTOMERS
- Q1 RARE EARTH CONCENTRATE PRICES EXPECTED TO DROP ROUGHLY 15% SEQUENTIALLY
- PLANS 2024 TOTAL CAPEX BUDGET OF $200 TO $250 MILLION
- INVESTED $10 MILLION IN Q4 IN VRX HOLDCO, THE COMPANY'S TOLL PROCESSING PARTNER IN VIETNAM
- EXPECTS TO SELL 'A LITTLE MORE' THAN 100 METRIC TONS OF NDPR IN Q1
- CEO SAYS WILL NOT DISCUSS RECENT M&A SPECULATION ABOUT COMPANY
- CEO: COMPANY'S LEADERS TAKE FIDUCIARY RESPONSIBILITIES SERIOUSLY AND MARKET CAN EXPECT THEM 'TO BE OPPORTUNISTIC AND THOUGHTFUL'
- CEO: MARKET PENDULUM ON RARE EARTHS PRICING SEEMS TO HAVE SWUNG 'TOO FAR' GIVEN STRATEGIC NATURE OF THE INDUSTRY
- CEO: COMPANY LOOKING AT POTENTIAL ACQUISITIONS, EXPECTS THERE WILL BE SOME M&A OPPORTUNITIES GIVEN CURRENT STATE OF RARE EARTHS MARKET
News: LYC MP Materials CEO declines to discuss recent M&A speculation about company
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$10.81 |
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Mkt cap ! $10.11B | |||
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