MP Materials Corp. (NYSE:MP) Gabelli Funds 48th Annual Automotive Aftermarket Symposium Conference November 4, 2024 2:50 PM ET
Company Participants
Martin Sheehan – Head of Investor Relations
Ryan S. Corbett – Chief Financial Officer
Conference Call Participants
Brian Sponheimer – Gabelli Funds
Brian Sponheimer
Okay. Moving along, we have via Zoom, MP Materials, and their CFO, Ryan Corbett, and Martin Sheehan, who heads up, Investor Relations for the company. As I mentioned before, MP is the largest owner and operator of mining, rare earth elements within North America. We’re on a little bit behind schedule here. It’s about a $3 billion equity cap company.
I’m going to hand it to Martin, and let him go through their prepared remarks, and then we’ll get into some Q&A. But, thank you very much for being here virtually, Martin, and look forward to hearing about some of the developments taking place with MP.
Martin Sheehan
Yes. Thanks for having us. I think Ryan should be joining any second now, so I apologize if he has not buzzed in yet. I’m going to check on him.
Brian Sponheimer
It’s filibustering then. And, maybe I can talk a little bit about, the MP journey because they’ve been nice enough to join us either in person or virtually. So, this is a company that’s been in an evolution since purchasing the Mountain Pass Mine out of bankruptcy and really looking to vertically integrate the rare earth metal and refining space and ultimately becoming a producer of permanent magnets for the space which are critical for electric vehicle development.
And, now we had talked a little bit before in my prepared remarks about geopolitics and the importance of supply chain security. And clearly, if we’re thinking about companies within the electric vehicle space, and their sourcing of really the entirety of
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