EV Suppliers

MP Materials Corp. is America’s only fully integrated rare earth supplier, spanning mining, refining, and magnet manufacturing. Founded in 2017, MP controls the Mountain Pass mine in California and a state-of-the-art magnet factory in Texas, enabling end-to-end production of NdFeB magnets for EVs, wind turbines, robotics, and defense. In 2025, MP produced its first neodymium magnet prototypes and is ramping toward high-volume output of ~1,000 tons per year. Backed by a strategic supply agreement with General Motors, MP is restoring a domestic magnet supply chain with world-class technology and a commitment to sustainability. Customers benefit from a secure U.S. source of rare earth materials and magnets, with comprehensive capabilities from raw material to finished magnet. MP’s mission is to provide innovative, American-made magnetics solutions that reduce reliance on foreign sources.