MP Materials hits record high on smaller quarterly loss

Shares of rare earth miner MP Materials MP.N hit record high, last up ~5% at $74.45

Posts Q2 adjusted loss of 13 cents/shr vs estimates of 19 cents/shr loss - 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

Including session's moves, MP shares up 377% YTD