MP Materials shares reached a record high after posting increased output, a smaller quarterly loss, and projecting further production gains. Neodymium and praseodymium production surged 120% in Q2. Analysts predict a 60,000-tonne annual run-rate of rare earth oxide output ahead of schedule. Deals with the U.S. Department of Defense and Apple further boost the company’s prospects.
Read more at Yahoo Finance: MP Materials hits record high after smaller loss, Pentagon and Apple boost