MP Materials begins construction on Texas rare earth magnetics factory

MP Materials began construction on a rare earth magnetics factory in Texas, part of a $700 million investment to restore the U.S. rare earth magnetics supply chain. The facility will create about 150 skilled jobs and supply magnets for GM's EV programs starting in late 2023.

“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.”markets.bostonherald.com

• 1 source
• markets.bostonherald.comBoston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - MP Materials Begins Construction on Texas Rare Earth Magnetics Factory to Restore Full U.S. Supply ChainAssociated PressMar 6, 2019

Summarized from public sources; check the original articles before acting on it.