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GM and Glencore enter multi-year cobalt supply agreement

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Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

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

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General Motors and MP Materials ( earlier post ) have formed a strategic collaboration to develop a fully integrated US supply chain for rare earth magnets. This strategic collaboration seeks to accelerate the restoration of the US rare earth supply chain at commercial scale with high resiliency and environmental sustainability.

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HET motor company Linear Labs raises $6M in new funding

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million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility. Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base.

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LG opens its first EV charging equipment factory in the U.S.

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According to a press release shared by the company on Monday, LG has opened the EV charger plant in Fort Worth, Texas, set to eventually have an annual capacity of over 10,000 units. The news also came alongside a ribbon-cutting event featuring LG executives, Fort Worth Mayor Mattie Parker, and other local officials.

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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

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The companies previously announced plans to form a CAM processing joint venture in December 2021, majority owned by POSCO Chemical. The site’s construction will allow for future expansion opportunities as GM continues to pursue many potential future EV supply chain projects. Earlier post.)

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

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It will also enable the company to recycle all recoverable rare earths from end-of-life magnets and magnet production scrap, increasing the resiliency and environmental sustainability of the domestic supply base. Earlier post.). Earlier post.).

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Rivian will build its next EV manufacturing plant in Georgia

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The company confirmed this in its Q3 2021 Earnings Call Shareholder Deck earlier today. Rivian has just started production and deliveries of its R1T pickup, the company’s first vehicle and the first all-electric pickup to hit the U.S. automotive market. The announcement was being prepared well ahead of the Earnings Call.

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