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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

Under the long-term agreement, MP Materials will supply US-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023.

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

Green Car Congress

MP Materials owns and operates Mountain Pass, the only integrated rare earth mining and processing site in North America. 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. MP Materials Corp. Earlier post.).

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GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

By the end of 2025, GM plans to have capacity to build 1 million electric vehicles in North America, and has announced a series of actions to create a new and more secure EV supply chain, including projects targeting key EV materials and components: Cathode Active Material (CAM) with POSCO Chemical.

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

Charged EVs

Recycling rare earth materials is vital to the cost-competitiveness of magnet manufacturing. 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. MP Materials aims to establish all three stages in the US. And it has customers.

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

Baua Electric

Recycling rare earth materials is vital to the cost-competitiveness of magnet manufacturing. 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. MP Materials aims to establish all three stages in the US. And it has customers.