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

Green Car Congress

In addition to its mining and processing operation at Mountain Pass, MP Materials is developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas. Earlier post.). Earlier post.). MP Materials’ operations provide certainty of US provenance and sustainability.

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

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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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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. Neodymium-iron-boron (NdFeB) magnets are critical inputs that enable electric motors to transform electricity into motion.

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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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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. 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. 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

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. 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.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

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The project will deploy refueling stations and alternative fuel vehicles in the Dallas-Fort Worth area. The initiative will provide financial and technical assistance to many large fleets including: ARAMARK, Efficiency Enterprises, Nestle Water Company, Sysco, and UPS to purchase 150 hybrid electric vehicles.