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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

This strategic collaboration seeks to accelerate the restoration of the US rare earth supply chain at commercial scale with high resiliency and environmental sustainability. MP Materials owns and operates the Mountain Pass rare earth mine and processing facility in California, the only active and scaled rare earth production site in America.

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US DOD awards MP Materials $35M heavy rare earth processing contract

Green Car Congress

has been awarded a $35-million contract through the US Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy rare earth elements (HREE) at Mountain Pass. MP Materials Corp. Earlier post.).

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MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation

Charged EVs

What’s more, the company is developing a facility in Fort Worth, Texas where it plans to manufacture alloys and magnets from Mountain Pass materials. Over 90% of the world’s rare earth magnets are produced in China, and there is virtually no scale capacity in North America today to produce rare earth magnets.

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MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation – Charged EVs

Baua Electric

What’s more, the company is developing a facility in Fort Worth, Texas where it plans to manufacture alloys and magnets from Mountain Pass materials. Over 90% of the world’s rare earth magnets are produced in China, and there is virtually no scale capacity in North America today to produce rare earth magnets.