Well, the US imports a full 70% of its rare earth from China, and a crackdown could devastate the supply chain. Our next guest is the CEO of the only company in America manufacturing industrial magnets that use zero rare earth metals. Their customers span industries from defense and EVs to medical devices and more.Jonathan Roundtree of Nyron Magnetics joins us now. Jonathan, uh, great to have you with us. >> Yeah, thank you for having me on the show today.>> And you just broke ground on a second manufacturi ...

Core Viewpoint - MP Materials (NYSE: MP) stock fell 9% following a report from the Financial Times about a competitive threat from Niron Magnetics, which is developing alternative magnet technology that could impact MP's investments in the American rare earth mining industry and domestic magnet production [1][8]. Group 1: Competitive Threat - Niron Magnetics, a start-up, is receiving $150 million in investments from major automotive companies including Stellantis, General Motors, Volvo, and Samsung, aiming to produce magnets from common elements like iron and nitrogen [3]. - Niron is constructing a factory in Minnesota with an annual production capacity of 1,500 tons of magnets, claiming its products will be 18% more powerful than certain rare earth magnets [4]. Group 2: Market Position and Risks - While Niron's magnets are reported to be superior based on lab tests, the company has yet to demonstrate the ability to produce these magnets at scale and at competitive prices [5]. - MP Materials has significant backing from both government and industry, including an equity stake from the U.S. government, and has a substantial lead in developing mining and manufacturing operations for its magnets [6]. Group 3: Investment Considerations - Analysts have identified other stocks with potentially higher returns than MP Materials, suggesting caution for investors considering MP as a viable option at this time [7].