MP Materials Launches Domestic Production of Rare-Earth Magnets
MP Materials' Fort Worth plant is poised to produce about 1,000 metric tons of finished NdFeB magnets a year, with a gradual production ramp beginning in late 2025, the company said. The facility will supply magnets to General Motors and other manufacturers, the company said.
MP Materials starts production of rare earth magnets at a new Fort Worth plant, targeting U.S. supply chain independence.
We are bullish on Lynas despite recent underperformance, citing upcoming production increases and potential price benefits.
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