“`html
MP Materials Develops Rare Earth Magnet Facility
MP Materials, which owns the Mountain Pass mine in California, is developing a rare earth magnet production facility that is set to begin operations in 2027. The facility has already attracted interest from major companies, including Apple, which signed a long-term agreement related to the rare earth magnets.
MP Materials maintains a competitive advantage as it is one of the few companies in this sector. With President Trump’s executive orders in May emphasizing national supply security for rare earths, the company is well-positioned amid limited domestic competition.
“`
