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Stock impact report

West scrambles to fill heavy rare earth gap as China rivalry deepens [Yahoo! Finance]

MP Materials Corp. (MP) 
Company Research Source: Yahoo! Finance
led by massive U.S. backing for Nevada-based MP Materials - is running into a critical problem: the scarcity of so-called heavy rare earth elements. The United States and allies have been scrambling to create an alternative supply chain to make super-strong rare earth magnets, which are vital components in everything from defence technology and electric vehicles, to electronics and wind turbines. MP Materials aims to integrate the entire supply chain ?from mining rare earths to magnet production and has ambitious plans to produce magnets within years, buoyed by a July deal comprising billions of dollars in U.S. government support. It trumpeted its success earlier this month, boosting processed output of two light rare earths by 51% this quarter. But shortages of heavy elements dysprosium and ?terbium could be an Achilles heel for MP Materials and the West's campaign to forge a magnets industry away from geopolitical turbulence that has constricted supply from China, analysts s Show less Read more
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