Summary: MP Materials reported a widened third-quarter loss of $41.8 million, or 24 cents per share, due to halting sales to Chinese customers as part of a U.S. government agreement. Despite the loss, the results surpassed Wall Street expectations. The company is focusing on becoming a major U.S. miner and processor of rare earths, with plans to begin commercial magnet production from its Texas site by the end of the year.

Link: https://www.channelnewsasia.com/business/mp-materials-quarterly-loss-widens-after-halting-sales-chinese-customers-5452186