MP Materials Investor Conference Presentation Deck
Realizing our
downstream vision -
Initial magnetics
facility
MP MATERIALS
Broke ground on initial magnetics facility in Fort Worth, Texas
Expect to produce rare earth metal and NdFeB alloy and magnets
Designed capacity of ~1,000 metric tons of magnets with excess alloy capacity
Will consume less than 10% of current expected Mountain Pass NdPr output
-
Investing in recycling capabilities in Fort Worth and Mountain Pass
Magnetics manufacturing byproduct to be recycled back into process flows
Piloting circular, end-of-life recycling concepts with commercial partners
Positions MP as the only fully integrated magnetics producer outside of China
-
Signed long-term agreement with GM as foundational automotive customer
Will supply alloy and magnets for more than 12 Ultium Platform EVs
Gradual production ramp starts in late 2023 with alloy; magnets expected in 2025
Non-exclusive agreement; discussions with prospective customers continue
-
MP MATERIALS
13View entire presentation