MP Materials Stock Faces Rare Earth Test as China Supply Signals Shift Before Earnings
MP Materials will report first-quarter earnings on May 7 after market close. China shipped 60 tons of yttrium oxide to the U.S. in March, but annual U.S. imports remain down 75% from a year earlier. MP shares ended Friday at $66.63, valuing the company at $11.7 billion. The firm recently began producing neodymium-iron-boron magnets at its Texas facility.