MP - Sales Double Profits Up 22 Times at America's Biggest Rare-Earth Metals Company
Five years ago, heavy spending, a heavier debt load, and plummeting prices for rare-earth metals spelled doomsday for rare-earth miner Molycorp. Today, however, Molycorp is back with a vengeance -- and new name: MP Materials (NYSE: MP) .
In its Q4 and full-year earnings report, MP Materials declared that its sales are up 100% over the past year, and its profits rose 22 times.
Image source: MP Materials .
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Sales Double, Profits Up 22 Times, at America's Biggest Rare-Earth Metals Company