22
Apr
13:28
RARE EARTH: MP Materials begins construction on Texas magnetics plant
MP Materials says construction is underway on its Texas rare earth magnetics factory that will produce magnets for 500,000 General Motors electric vehicles/year, Kallanish reports.
That construction announcement came as MP Materials and General Motors also announced a definitive supply agreement beginning in late 2023 to produce rare earth alloy and magnets for GM’s EV programmes. The Texas plant and the basic supply agreement had both been announced last De…
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Anonymous
Very good overview of the weekly steel market.
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