MP Materials Inks Rare Earths Deal With Mystery Automaker

(Bloomberg) — MP Materials Corp. signed an “enormous” rare-earths supply contract with an unidentified automaker and is pursuing similar deals for a magnet-making plant it plans to build in Texas. The sole American producer of rare earth minerals said Thursday the agreement would supply neodymium-praseodymium oxide, a key material used to build motors, without providing additional details about the size of the contract. The news came alongside fourth-quarter earnings that beat analyst estimates. Most Re ...