MP Materials SPAC Presentation Deck

ADVANCED HIGH-GROWTH END-MARKETS NdPr MAGNETS ARE CRITICAL FOR ADVANCED TECHNOLOGIES EXPERIENCING STRONG SECULAR GROWTH MPMATERIALS Key NdPr Magnet Market Segments 2019 Source: Rost 2019 repor Speakers 5% Disk Drives 4% HVAC 8% Other 28% 35 kt NdPr(¹) Consumer Electronics 21% EV Powertrains 9% E-transport 6% Wind Turbines 9% Robotics 1% EVs and other growth areas are just 25% of the magnet market today with growth positioned to explode Other Automotive 9% MARKET GROWTH 24

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