MP Materials falls on wider third-quarter loss

Shares of rare earth miner MP Materials MP.N fall 6.8% to $48.43 premarket

Co said late on Thursday its net loss widened for the third-quarter as it stopped sales to Chinese customers as part of an agreement with the U.S. government

MP posted Q3 net loss of $41.8 million, or 24 cents per share, vs a loss of $25.5 million, or 16 cents per share in the year-ago quarter

However, on adjusted per share basis the company posted a narrower-than expected loss; loss of 10 cents per share vs estimates of 18 cents loss per share - data compiled by LSEG

Up to last close, stock up 233% YTD