MP Materials: Key Role in US Rare Earth Plan – New Tailwind from Defense Production Act?

The business model of MP Materials (MP) is based on the vertical integration of the rare earth elements value chain – from mining (Upstream), through processing (Midstream) to the manufacturing of magnets (Magnetics Division), particularly for the American market. The company positions itself as a "national champion” for rare earth magnets in the USA, aiming to reduce dependence on China and to establish a robust domestic supply chain for strategic industries such as automotive, defense, and consumer goods. China's export restrictions and...