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Stock impact report

The Only U.S. Rare Earth Mine May Win Big From Trump’s China Tariffs [Forbes]

MP Materials Corp. (MP) 
Company Research Source: Forbes
S ince China retaliated against President Trump's tariffs by restricting exports of rare earth minerals — crucial to making the magnets that go into electric motors, used for cars, electronics, robots and wind turbines — MP Materials founder and CEO Jim Litinsky's phone has been ringing off the hook from companies desperate for new suppliers. “The sense of urgency, I've never seen anything like it,” he told Forbes . “It's pretty wild and exciting–and daunting.” Litinsky runs the only U.S. rare earths mine, Mountain Pass in California's Mojave Desert, supplying elements like neodymium and praseodymium that industries like defense, automotive and electronics rely on to build efficient electric motors. Once Litinsky's staff of over 800 engineers, technicians and miners harvest the minerals from the earth, MP refines them, turning them into metals, which companies like General Motors need for EV motors. Starting this year, MP will also make high-powered magnets with those metals at Show less Read more
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