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GM secures American rare earth magnets

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

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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