MP Materials SPAC Presentation Deck

POWERING GREEN ENERGY WIND TURBINES DRIVING NdPr MAGNET DEMAND GROWTH Global Installed Capacity GW 3.000 2.000 1.000 Wind turbines require up to -232kg of NdPr / MW MP MATERIALS 62GW of wind capacity added globally in 2019 651 2019A CAGR: 7.8% Sounce CHEC. Wood Mackonde: Mondar intelligence C Worldwide additions expected to average 77GW globally 1.023 2025E Representative Direct-Drive Wind Turbine NdPr Magnet "The wind turbine market is anticipated to account for -30% of the global growth in the use of rare earth magnets from 2015-2025. Using rare earth metals prevents the use of a gearbox. Rare earth magnets make the turbines lighter, cheaper, more reliable, easier to maintain and capable of generating electricity at lower wind speeds." -UBS Research MARKET GROWTH

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