MP Materials swings to third-quarter loss on falling rare earths prices
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Nov 2 (Reuters) - Rare earths miner MP Materials said on Thursday it swung to a third-quarter loss due to inflation and a drop in the prices of the strategic minerals.
The Las Vegas-based company posted a net loss for the period ended Sept. 30 of $4.3 million, or 2 cents per share, compared to a net profit of $63.2 million, or 33 cents per share, in the year-ago period. (Reporting by Ernest Scheyder Editing by Chris Reese)
