NEW YORK -- MP Materials has entered a public-private partnership with the U.S. Department of Defense to ramp up the build-out of a supply chain for rare earth magnets and reduce foreign dependency.
Commodities
MP Materials enters partnership with Pentagon on rare earths supply chain
Multibillion-dollar deal creates domestic magnet facility to counter China dependency
A view of the MP Materials rare earths open-pit mine in Mountain Pass, California, in January 2020. © Reuters
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