MP Materials Corp. (MP) Presents At BofA Securities 2025 Commodities Conference (Transcript)

MP Materials Corp. (NYSE:MP) BofA Securities 2025 Commodities Conference June 23, 2025 12:00 PM ET

Company Participants

Ryan S. Corbett - Chief Financial Officer

Conference Call Participants

Michael Widmer - BofA Securities, Research Division

Operator

Ladies and gentlemen, the program is about to begin. [Operator Instructions]

At this time, it is my pleasure to turn the program over to your host, Michael Widmer. Please go ahead.

Michael Widmer

Thank you very much, and good morning, good afternoon, everyone. Again, I'm Michael Widmer, I run the Metals Research at Bank of America. This is going to be a very compressed high-intent session, actually, we have got 25, 30 minutes to talk MP Materials. And the raw material -- the rare earth. With me today, I've got Ryan Corbett, who is the Chief Financial Officer at MP Materials.

Question-and-Answer Session

Michael Widmer

Now that's actually done right, and we had a brief chat before about how the market got from not knowing the rare earth element, rare earth materials a few months ago to being an expert at the moment. But I thought it would be still wise to maybe set the scene, a lot of talk at the moment about light rare earth, heavy rare earth and then also the magnets. So Ryan, What are those?

Ryan S. Corbett

Yes, Michael, thanks for having me, and thanks to the Bank of America team. Happy to be here today. Certainly easy to do it virtually. So pleasure to be here. I think certainly over the last several months and particularly since the beginning of April, there has been an unbelievable sort of crash for us by the market and what are rare earth mostly because the importance of both the rare earth commodity products and most importantly, the finished products, finished engineered products the rare earth permanent magnets that they go into