*MP MATERIALS CEO JIM LITINSKY: COMPANY SHOULD RETURN TO PROFITABILITY IN FOURTH QUARTER
*MP MATERIALS: PRICE PROTECTION AGREEMENT WITH U.S. GOVERNMENT WENT INTO EFFECT ON OCTOBER 1
*MP MATERIALS: PRICE PROTECTION PAYMENTS FROM U.S. GOVERNMENT WILL NOT BE RECORDED AS REVENUE UNDER US GAAP STANDARDS
*MP MATERIALS: WILL RECORD PRICE PROTECTION PAYMENTS FROM U.S. GOVERNMENT AS AN OPERATING INCOME LINE ITEM FOR EXPENSE
*MP MATERIALS: EXECUTIVES ACKNOWLEDGE COMPLEXITY OF HOW THEY WILL RECORD PRICE PROTECTION PAYMENTS FROM U.S. GOVERNMENT
*MP MATERIALS CEO: U.S. LOCKED IN 'NEW KIND OF COLD WAR, A RACE OF MUTUALLY ASSURED ECONOMIC DESTRUCTION FOUGHT NOT WITH WEAPONS BUT WITH SUPPLY CHAINS'
*MP MATERIALS CEO: 'ECONOMIC MIGHT ITSELF, EXPRESSED THROUGH CONTROL OF CRITICAL MATERIALS ... HAS BECOME THE DECISIVE MEASURE OF NATIONAL POWER'
*MP MATERIALS CEO: COMPANY'S TAILINGS PILES MORE ECONOMIC THAN 'VAST MAJORITY' OF RARE EARTHS PROJECTS BEING PROMOTED TODAY
*MP MATERIALS: EXPECTING ANOTHER MAGNET PREPAYMENT FROM APPLE IN FOURTH QUARTER
*MP MATERIALS CEO: 'I DON'T LOSE ANY SLEEP' ABOUT WHERE RARE EARTHS DEMAND AND PRICES WILL BE IN 10 YEARS
((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 06-NOV-202523:05:54 GMT