Mp materials announces transformational public-private partnership with the department of defense to accelerate u.s. rare earth magnet independence

Las vegas--(business wire)---- $mp--mp materials corp. (nyse: mp) (“mp materials” or the “company”) today announced it has entered into a transformational public-private partnership with the united states department of defense (“dod”) to dramatically accelerate the build-out of an end-to-end u.s. rare earth magnet supply chain and reduce foreign dependency. with a multibillion-dollar package of investments and long-term commitments from dod, mp materials will construct the company's second domestic mag.
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