MP Materials secures heavy rare earth processing contract with U.S. Department of Defense
2022-02-23 14:00:16 [Print]
U.S.-based MP Materials announced on February 22 that it has been awarded a $35 million contract with the U.S. Department of Defense (DoD) to support the construction of a commercial scale processing facility for heavy rare earth elements (HREE) at Mountain Pass.
According to the company's statement, the ability to process HREEs alongside LREEs will enable MP Materials to extract and refine all rare earths required to manufacture high-performance permanent magnets. It will also enable the company to recycle all recoverable rare earths from end-of-life magnets and magnet production scrap, increasing the resiliency and environmental sustainability of the domestic supply base.
MP Materials is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility in California, North America's only active and scaled rare earth production site.
According to the company's statement, the ability to process HREEs alongside LREEs will enable MP Materials to extract and refine all rare earths required to manufacture high-performance permanent magnets. It will also enable the company to recycle all recoverable rare earths from end-of-life magnets and magnet production scrap, increasing the resiliency and environmental sustainability of the domestic supply base.
MP Materials is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility in California, North America's only active and scaled rare earth production site.
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China praseodymium-neodymium oxide recycling producers' inventory to production ratio statistics by province by month
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