# MP Materials signs long-term supply agreement with General Motors

MP Materials entered a binding, long-term agreement with General Motors to supply U.S.-sourced and manufactured rare earth materials, alloy and finished magnets for electric motors in more than a dozen GM models using the Ultium Platform.

- Type: Contract
- Announced: 2021-12-09
- Where: United States
- Status: announced
- Products: rare earth materials, alloy, finished magnets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md) (customer)
- [MP Materials](https://endata.com/companies/37829.md) (supplier)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20211209005637/en/MP-Materials-to-Build-U.S.-Magnet-Factory-Enters-Long-Term-Supply-Agreement-with-General-Motors), 2021-12-09: "MP has entered a long-term agreement with General Motors to supply U.S.-sourced and manufactured rare earth alloy and magnets to power more than a dozen models using GM's Ultium Platform."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.