(Reuters) – Rare earths miner MP Materials said on Thursday it swung to a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs.
The company, which held unsuccessful merger talks earlier this year with rival Lynas Rare Earths, posted a quarterly net loss of $16.3 million, or 9 cents per share, compared to a quarterly profit of $67 million, or 36 cents per share, in the year-ago quarter.
(Reporting by Ernest Scheyder)
