August 18, 2026 09:00 PM GMT We are updating our estimates following 2Q26 results to incorporate latest company commentary. We lower our revenue and EBITDA estimates for the Magnetics Segment in 2H26 to account for the reduction in shipments of precursor materials, which we don't expect will be fully offset by commercial magnet sales until 2027. In the Materials Segment, we are increasing costs over 2H26 and through 2027, and we now forecast MP reaching its target production costs of low $40/kg of NdPr in 1 ...