MP Materials gains on smaller quarterly loss

Shares of rare earth miner MP Materials MP.N rise 9% to$77.52 premarket

Posts Q2 adjusted loss of 13c/shr vs 19c/shr loss expected - data compiled by LSEG

Rare earths concentrate production jumps 45%

Production for two in-demand rare earths, neodymium and praseodymium (NdPr), jumped nearly 120%

Guides Q3 NdPr oxide output up 10%-20% sequentially

9 of 13 brokerages rate stock "buy" or higher, 4 "hold;" median PT is $68.68 - data compiled by LSEG

Up to last close, MP shares up 355.6% YTD