MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation
Charged EVs
MARCH 11, 2024
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. We broke ground at the Fort Worth site in April of 2022. Concerning the Sumitomo deal, the largest market where neo magnets are produced outside of China is Japan.
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