The goal: Reshore this critical component for America's EV batteries, robots, drones, defense systems, and other tech. “We’ll bring the supply chain home,” MP's CEO promised today.
Ross Perot Jr., chairman of The Perot Group, and MP Materials co-founder and CEO James Litinsky at the 2022 groundbreaking for MP's new rare earth magnet factory at AllianceTexas in Fort Worth. [Photo: MP Materials]