Weak prices for rare earths have hit American producer MP Materials recently, reporting in its latest financials a 51% drop in prices for the rare earth oxides (REO) that it mines near Las Vegas, Nevada. […]
MP Materials and Sumitomo Corporation have forged a rare earths supply agreement which they say will diversify and strengthen rare earth supplies in Japan. Under the agreement, announced February 21, Sumitomo will serve as the exclusive distributor of NdPr oxide produced by MP Materials to Japanese customers. Further, the companies will collaborate on the supply of rare earth metals and other products. […]
MP Materials has begun construction of its previously announced rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, marking a significant return of magnet manufacturing operations in North America. The facility is […]
MP Materials Corp. has been awarded a $35 million contract through the U.S. Department of Defense (DoD) Industrial Base Analysis and Sustainment Program to support the construction of a commercial scale processing facility for heavy […]
MP Materials Corp. (NYSE: MP) announced today that it will build its initial rare earth (RE) metal, alloy and magnet manufacturing facility in Fort Worth, Texas. The company also announced that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply U.S.-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023. […]
Prices are zooming and business is booming at MP Materials, the largest producer of rare earth materials in the western hemisphere. In November, it reported that revenues soared to $99 million in its most recent quarter, […]
Business looks spectacular at MP Materials, the largest rare earth materials producer in the Western Hemisphere. In its most recent quarter, revenue doubled to $42.2 million compared to the same period a year ago, while for the […]
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