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

Green Car Congress

The ability to process HREEs alongside LREEs will enable MP Materials to extract and refine all rare earths required to manufacture high-performance permanent magnets. Mountain Pass is a closed loop, zero-discharge rare earth production facility with a dry tailings process that recycles more than one billion liters of water per year.

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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

General Motors and MP Materials ( earlier post ) have formed a strategic collaboration to develop a fully integrated US supply chain for rare earth magnets. Neodymium-iron-boron (NdFeB) magnets are critical inputs that enable electric motors to transform electricity into motion.

GM 221
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GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

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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Linear Labs closes $4.5M seed round to fund commercialization of new electric motor technology

Green Car Congress

Next-generation electric motor company Linear Labs (LL) closed a $4.5-million LL was established in 2013 after developing an entirely new methodology in the construction of electric motor and generator technologies that create more power while using less energy. This sets the LL Motor apart from conventional electric machines.

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

Charged EVs

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. The majority of EV traction motors use rare earth magnets. Recycling rare earth materials is vital to the cost-competitiveness of magnet manufacturing. Electric motors work on the principle of electromagnetic motion.

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

Baua Electric

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. Approximately 90% of electrified vehicle traction motors use rare earth magnets. Recycling rare earth materials is vital to the cost-competitiveness of magnet manufacturing. Electric motors work on the principle of electromagnetic motion.