MP Materials SPAC Presentation Deck

RARE EARTHS ARE ESSENTIAL EVEN TO COMPETING TECHNOLOGIES WITHIN THE ECOSYSTEM THE MOST EFFICIENT BATTERY CHEMISTRY FOR EVS IS STILL UNKNOWN, BUT MOTOR TECHNOLOGY IS WELL-SETTLED Battery Chemistry Other Primary Materials Dominant Motor Technology Critical Motor Materials Select OEMs Examples MPMATERIALS LCO Coball Permanent Magnet NdPr LMO Key Lithium Ion Battery Technologies Manganese Permanent Magnet NdPr LFP Iron, Phosphate Permanent Magnet NdPr NMC HONDA Nickel, Manganese Cobalt Permanent Magnet NdPr NCA HYUNDAI Nickel, Cobalt, Aluminum Permanent Magnet NdPr Other Technologies RENAULT Solid State Battery Lithium Ⓡ NdPr is likely to be in high demand for EVs, regardless of which energy approach wins Permanent Magnet. NdPr Most EV CEMS Except Teda Hydrogen Fuel Cell Hydrogen Permanent Magnet NdPr NIKOLA MARKET GROWTH

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