Geopolitical TensionsGeopolitical tensions, although temporarily subdued, continue to raise doubts about the supply of these critical components and elevate MP’s strategic value, as evidenced by the historic deal with the Department of Defense.
Strategic PartnershipsMP is developing a fully domestic rare earth mine-to-magnet supply chain in the US with plans to begin commercial production of permanent magnets used in the majority of electric vehicles motors.
US Government SupportUpgrade MP to OW with PT of $71/sh as permanent magnets, Dy, and Tb remain under restriction by China, resulting in continued US government support for MP.