Mp mining

• 7:33p Barron's Look Out, Nvidia: Kroger Is an AI Stock Now • 7:27p These money and investing tips can get your stock and bond portfolio into shape • 6:54p Barron's The Fed Doesn’t Like Dissent. That Could Be a Problem. • 6:50p Barron's Adidas Stock’s Comeback Plan: China, Messi, and No More Yeezy • 6:48p Bank lending falls for first time in a month, Fed says • 6:40p Barron's Alkermes, Cogent Biosciences See Activist Action • 6:37p MedMen CFO Bowman resigns • 6:35p Barron's Netflix Stock Can Hit $500 • 6:30p Barron's The Bull’s New Run, or a Market Top? • 5:51p Faraday Future stock drops 25% after board approves reverse stock split proposal • • to be replaced Key Data • Open $23.32 • Day Range 22.66 - 23.32 • 52 Week Range 20.21 - 40.12 • Market Cap $4.15B • Shares Outstanding 177.62M • Public Float 143.17M • Beta 1.69 • Rev. per Employee $940.23K • P/E Ratio 18.29 • EPS $1.25 • Yield N/A • Dividend N/A • Ex-Dividend Date N/A • Short Interest 10.86M 05/31/23 • % of Float Shorted 7.59% • Average Volume 2.62M MP Materials Corp. MP Materials Corp. engages in the production and marketing of rare earth specialty materials. It owns and operates Mountain Pass, an industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere. The company was founded by James Henry Litinsky and Michael Rosenthal in 2017 and is headquartered in Las Vegas, NV.

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! According to the company’s statement, the first-of-its kind U.S. facility is a substantial component of a $700 million investment the company will make over the next two years to fully restore the U.S. rare earth magnetics supply chain. The project will create around 150 high-skill jobs and 1,300 indirect jobs and is located in Hillwood’s 27,000-acre, mixed-use development, AllianceTexas. MP Materials’ Texas magnetics facility will source materials from the Mountain Pass rare earths mine, California, and produce magnets powering approximately 500,000 EV motors per year, with potential to scale. In parallel, MP Materials and General Motors are co-announcing a definitive supply agreement to produce alloy and magnets for GM’s EV programs. The definitive supply agreement solidifies the terms of a binding agreement announced by MP Materials and GM in December. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that is expected to begin in late 2023, starting with alloy. MP Materials’ Fort Worth facility will have the capacity to produce approximately 1,000 tonnes of neodymium-iron-boron (NdFeB) magnets pe...

MP Materials and General Motors simultaneously announce a definitive supply agreement commencing in late 2023 to produce rare earth alloy and magnets for GM's EV programs The facility will create approximately 150 skilled jobs and approximately 1,300 indirect jobs MP Materials' Texas magnetics facility will source materials from Mountain Pass, California, and produce magnets powering approximately 500,000 EV motors per year, with potential to scale The facility is a substantial component of a $700 million investment MP Materials will make to fully restore the U.S. rare earth magnetics supply chain over the next two years Integrated recycling and leading environmental capabilities will deliver world class sustainability to support the energy transition FORT WORTH, TEXAS., April 21, 2022 - MP Materials Corp. (NYSE: MP) today commemorates the start of construction at its first rare earth metal, alloy, and magnet manufacturing facility, located in Fort Worth, Texas. The first-of-its kind U.S. facility is a substantial component of a $700 million investment the company will make over the next two years to fully restore the U.S. rare earth magnetics supply chain. The project will create around 150 high-skill jobs and 1,300 indirect jobs and is located in Hillwood's 27,000-acre, mixed-use development, AllianceTexas. In parallel, MP Materials and General Motors (NYSE: GM) are co-announcing a definitive supply agreement to produce alloy and magnets for GM's EV programs. The definit...

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The rare earth industry is drawing supply chain lessons from the semiconductor shortage 06/07/2021 The global computer chips shortage that began worsening late last year has disrupted supply chains around the world, snarling production of everything from cars to phones to household appliances. And the rare earth industry is watching closely. Why rare earth permanent magnets are vital to the global climate economy 05/14/2021 (QZ) - From the US to Europe, there is growing awareness that an over-reliance on China for rare earths presents economic and national security risks. One high-stakes arena that could shape the trajectory of the global climate economy is the rare earth permanent magnet industry. US seeks to challenge China on rare-earth elements, key ingredients in Biden's energy plan 05/09/2021 (FOX) - China has invested at least $60 billion to support its electric vehicle industry, CNBC reported in March. And U.S. EV giant Tesla built its first overseas factory near Shanghai in 2020 to secure a foothold in the Asian market. THE U.S. IS TRYING TO RECLAIM ITS RARE-EARTH MANTLE 04/30/2021 There is a clock ticking in the background of this race for a rare-earth supply chain. There is a danger that the electric vehicle market, which will demand large quantities of critical minerals including rare earths, may move faster than the rare-earth supply chain, which would feed it. Press Release 09/18/2020 MP Materials announces Maryanne Lavan, Senior Vice President, General Couns...

Location in California Location Mountain Pass, San Bernardino County State Country United States Coordinates 35°28′43″N 115°31′57″W / 35.47861°N 115.53250°W / 35.47861; -115.53250 Production Products Production 38,000 tonnes Financial year 2020 Type open-pit History Discovered 1949 Opened 1952 Active 1952–2002, 2007–2015, 2017– Owner Company Website Year of acquisition 2017 The Mountain Pass Rare Earth Mine and Processing Facility, owned by As of 2022, work is ongoing to restore processing capabilities for domestic light rare-earth elements (LREEs) and work has been funded by the Geology [ ] The Mountain Pass deposit is in a 1.4 billion-year-old At 1 July 2020, Ore processing [ ] To process [ citation needed] The lanthanides that dissolve as a result of the acid treatment are subjected to [ citation needed] History [ ] Production expanded greatly in the 1960s, to supply demand for Molybdenum Corporation of America changed its name to In 1998, the mine's separation plant ceased production of refined rare-earth compounds; it continued to produce bastnäsite concentrate. The mine closed in 2002 after a toxic waste spill In 2008, Chevron sold the mine to privately held Molycorp Minerals LLC, a company formed to revive the Mountain Pass mine. Molycorp announced plans to spend $500 million to reopen and expand the mine, and on July 29, 2010, it raised about $400 million through an In December 2010, Molycorp announced that it had secured all the environmental permits needed to bui...

MP Materials and General Motors simultaneously announce a definitive supply agreement commencing in late 2023 to produce rare earth alloy and magnets for GM's EV programs The facility will create approximately 150 skilled jobs and approximately 1,300 indirect jobs MP Materials' Texas magnetics facility will source materials from Mountain Pass, California, and produce magnets powering approximately 500,000 EV motors per year, with potential to scale The facility is a substantial component of a $700 million investment MP Materials will make to fully restore the U.S. rare earth magnetics supply chain over the next two years Integrated recycling and leading environmental capabilities will deliver world class sustainability to support the energy transition FORT WORTH, TEXAS., April 21, 2022 - MP Materials Corp. (NYSE: MP) today commemorates the start of construction at its first rare earth metal, alloy, and magnet manufacturing facility, located in Fort Worth, Texas. The first-of-its kind U.S. facility is a substantial component of a $700 million investment the company will make over the next two years to fully restore the U.S. rare earth magnetics supply chain. The project will create around 150 high-skill jobs and 1,300 indirect jobs and is located in Hillwood's 27,000-acre, mixed-use development, AllianceTexas. In parallel, MP Materials and General Motors (NYSE: GM) are co-announcing a definitive supply agreement to produce alloy and magnets for GM's EV programs. The definit...

• 7:48p Barron's An Important Stock Market Milestone Sets the Stage for More Gains • 7:36p Barron's A Schwab Wealth Survey Reveals a Paradox • 7:33p Barron's Look Out, Nvidia: Kroger Is an AI Stock Now • 7:27p These money and investing tips can get your stock and bond portfolio into shape • 6:54p Barron's The Fed Doesn’t Like Dissent. That Could Be a Problem. • 6:50p Barron's Adidas Stock’s Comeback Plan: China, Messi, and No More Yeezy • 6:48p Bank lending falls for first time in a month, Fed says • 6:40p Barron's Alkermes, Cogent Biosciences See Activist Action • 6:37p MedMen CFO Bowman resigns • 6:35p Barron's Netflix Stock Can Hit $500 • • to be replaced Key Data • Open $23.32 • Day Range 22.66 - 23.32 • 52 Week Range 20.21 - 40.12 • Market Cap $4.15B • Shares Outstanding 177.62M • Public Float 143.17M • Beta 1.69 • Rev. per Employee $940.23K • P/E Ratio 18.29 • EPS $1.25 • Yield N/A • Dividend N/A • Ex-Dividend Date N/A • Short Interest 10.86M 05/31/23 • % of Float Shorted 7.59% • Average Volume 2.62M MP Materials Corp. MP Materials Corp. engages in the production and marketing of rare earth specialty materials. It owns and operates Mountain Pass, an industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere. The company was founded by James Henry Litinsky and Michael Rosenthal in 2017 and is headquartered in Las Vegas, NV.

Location in California Location Mountain Pass, San Bernardino County State Country United States Coordinates 35°28′43″N 115°31′57″W / 35.47861°N 115.53250°W / 35.47861; -115.53250 Production Products Production 38,000 tonnes Financial year 2020 Type open-pit History Discovered 1949 Opened 1952 Active 1952–2002, 2007–2015, 2017– Owner Company Website Year of acquisition 2017 The Mountain Pass Rare Earth Mine and Processing Facility, owned by As of 2022, work is ongoing to restore processing capabilities for domestic light rare-earth elements (LREEs) and work has been funded by the Geology [ ] The Mountain Pass deposit is in a 1.4 billion-year-old At 1 July 2020, Ore processing [ ] To process [ citation needed] The lanthanides that dissolve as a result of the acid treatment are subjected to [ citation needed] History [ ] Production expanded greatly in the 1960s, to supply demand for Molybdenum Corporation of America changed its name to In 1998, the mine's separation plant ceased production of refined rare-earth compounds; it continued to produce bastnäsite concentrate. The mine closed in 2002 after a toxic waste spill In 2008, Chevron sold the mine to privately held Molycorp Minerals LLC, a company formed to revive the Mountain Pass mine. Molycorp announced plans to spend $500 million to reopen and expand the mine, and on July 29, 2010, it raised about $400 million through an In December 2010, Molycorp announced that it had secured all the environmental permits needed to bui...

The rare earth industry is drawing supply chain lessons from the semiconductor shortage 06/07/2021 The global computer chips shortage that began worsening late last year has disrupted supply chains around the world, snarling production of everything from cars to phones to household appliances. And the rare earth industry is watching closely. Why rare earth permanent magnets are vital to the global climate economy 05/14/2021 (QZ) - From the US to Europe, there is growing awareness that an over-reliance on China for rare earths presents economic and national security risks. One high-stakes arena that could shape the trajectory of the global climate economy is the rare earth permanent magnet industry. US seeks to challenge China on rare-earth elements, key ingredients in Biden's energy plan 05/09/2021 (FOX) - China has invested at least $60 billion to support its electric vehicle industry, CNBC reported in March. And U.S. EV giant Tesla built its first overseas factory near Shanghai in 2020 to secure a foothold in the Asian market. THE U.S. IS TRYING TO RECLAIM ITS RARE-EARTH MANTLE 04/30/2021 There is a clock ticking in the background of this race for a rare-earth supply chain. There is a danger that the electric vehicle market, which will demand large quantities of critical minerals including rare earths, may move faster than the rare-earth supply chain, which would feed it. Press Release 09/18/2020 MP Materials announces Maryanne Lavan, Senior Vice President, General Couns...