MP Materials says it has ‘binding agreement’ on price protection

Responding to today’s Reuters story that U.S. steps back from critical mineral minimum price guarantee for U.S. critical minerals projects, the company stated: “Today’s Reuters report is inaccurate, misleading, and inconsistent with the facts. It follows a pattern of speculative and misleading reporting that has repeatedly mischaracterized government policy and caused unnecessary confusion in the marketplace. MP Materials (MP) has a binding, long-term agreement with the U.S. Department of War that remains fully in force, including the Price Protection Agreement executed last year. There has been no change whatsoever to our contract or to the government’s obligations under it.”