MP Materials Results Presentation Deck
Operating Metrics
Continued strong Stage I
production
REO Production Volumes
(MT)
6
10,863
|||
10,886
Q3
2022
Q2
2023
10,766
Q3
2023
Sales volumes driven by the
charging of additional Stage
Il circuits which is now
complete, offset slightly by
favorable timing of shipments
Cost control in Stage I
remains robust, with
incremental investment in
Stage II commissioning and
related headcount.
Comparable Operational Metrics - Sequential and Year-over-Year
Realized Price (1)
($/MT REO)
REO Sales Volumes
(MT)
10,676
10,271
9,177
Realized pricing impacted by
decline in market prices for
NdPr; expect flattish
sequential realized price
in Q4
Q3
Q2 Q3
2022 2023 2023
$11,636
Q3
2022
2022
$6,231
Q2
2023
2023
$5,718
Q3
2023
Production Cost(²)
($/MT REO)
$1,653
Stage II Related
-$230
$1,938
~$320
$2,020
-$410
Q3
Q3 Q2
2022 2023 2023
Initial NdPr production
underway with first shipments
made to Southeast Asia for
metallization.
NdPr Production
Volumes (3)
N/A
Q3
2022
1. Realized Price per REO MT is calculated as the quotient of: (i) our GAAP rare earth concentrate sales for a given period and (ii) our REO Sales Volume for the same period.
2. See Appendix for calculation of Production Cost per REO MT, which includes the non-GAAP financial measure, Production Costs. See Appendix for a reconciliation of Production Costs (non-GAAP) to Cost of sales (GAAP). In
completing the transition to separated rare earth products, we may determine that Production Cost per REO MT, which is a metric focused solely on Stage I concentrate operations, and consequently, Production Costs, are no longer
meaningful in evaluating and understanding our business or operating results.
3. N/A = Not Applicable as there was no NdPr production in these periods.
(MT)
50
N/A
Q2
Q3
2023 2023
MP MATERIALSView entire presentation