US EditionPentagon Becomes Largest Stakeholder in MP Materials After $400 Million Stake
RANCHESTER, WYOMING, JUL 9 – The Ramaco Brook Mine contains an estimated 1.7 million tons of rare earth oxides and aims to supply 3-5% of U.S. permanent magnet demand, reducing reliance on Chinese imports by 70%.
- The US government will become the biggest shareholder in MP Materials, the only operational rare earths mine, as a result of a $400 million investment.
- Under the ten-year deal, MP Materials will receive a minimum price of $110 per kg for neodymium and praseodymium output.
- As part of the agreement, MP Materials will establish a new US facility to enhance the processing of raw materials from the mine.
- This initiative represents a significant action by the Trump administration to boost American supply chain independence.
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In the U.S., the U.S. Department of Defense will invest $400 million in "MP Materials", an American company specializing in rare earth mining. A strategic investment and an unusual acquisition of ownership of the Pentagon, which thus becomes the company's first shareholder.
·Paris, France
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US Department of Defense invested heavily in MP Materials to secure rare earth supply and reduce foreign dependence US Department of Defense
·France
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Total News Sources74
Leaning Left6Leaning Right14Center19Last UpdatedBias Distribution49% Center
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- 49% of the sources are Center
49% Center
15%
C 49%
R 36%
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