All articles tagged with #magnet production
The US is developing a separate, higher pricing system for rare earths to challenge China's dominance, with a US Department of Defense deal guaranteeing a minimum price for MP Materials and plans to increase magnet production, aiming to boost domestic industry and reduce reliance on China.
MP Materials has announced a multibillion-dollar deal with the US government, making the Defense Department its largest shareholder and securing a floor price for key rare earths to reduce dependence on China. The deal aims to boost US rare earth production, build new manufacturing facilities, and end reliance on Chinese processing, marking a significant shift in the global rare earths industry and US national security strategy.