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By Shane Lasley
Metal Tech News 

GM secures American rare earth magnets

Signs deal to buy critical EV motor parts from MP Materials Metal Tech News - December 9, 2021

 

Last updated 7/12/2022 at 1:21pm

MP Materials' future rare earths magnet facility in Texas.

MP Materials Corp.

MP Materials' Texas facility, slated to begin ramping up production in 2023, will supply the rare earth magnets for the electric motors in more than a dozen GM EV models.

To secure a long-term domestic supply of the rare earths needed to build electric vehicles in North America, General Motors has entered into a binding agreement to buy REE materials and magnets to be produced at a new facility MP Materials Corp. is building in Fort Worth, Texas.

"We are building a resilient and sustainable EV manufacturing value chain in North America, from raw materials to cel...



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