(Reuters) – U.S. rare earths producer MP Materials said on Thursday it swung to a loss in the second quarter due to falling prices for the strategic minerals and operational challenges.
The Las Vegas-based company posted a net loss of $34.1 million, or 21 cents per share, compared to a net profit of $7.4 million, or 9 cents per share, in the year-ago quarter.
(Reporting by Ernest Scheyder; Editing by Chris Reese)
