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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

Rare earth materials sourced from Mountain Pass will be transformed into metal, NdFeB alloy and magnets at a new production facility MP Materials today announced it will build in Fort Worth, Texas, delivering an end-to-end US supply chain. —Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.

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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. 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. MP Materials Corp.

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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

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. Over 90% of the world’s rare earth magnets are produced in China, and there is virtually no scale capacity in North America today to produce rare earth magnets.

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

Baua Electric

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. Over 90% of the world’s rare earth magnets are produced in China, and there is virtually no scale capacity in North America today to produce rare earth magnets.