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The Pentagon Bet $400 Million That One U.S. Company Could Break China's Rare Earth Monopoly. MP Materials Is About To Deliver GM's First Rare Earth Magnets Not Made In China
Source: 247wallst.com
Trade Policy & Supply ChainGeopolitics & WarCommodities & Raw MaterialsInfrastructure & DefenseAutomotive & EV
The Pentagon has placed a large, unspecified bet on one American company to challenge China’s dominance in rare earth magnets. General Motors is first in line to test whether the effort succeeds; the article provides no company name, investment amount, or outcome.
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