MP Materials: Difference between revisions

In February 2022, U.S. President [[Joe Biden]] announced at a press conference that the [[United States Department of Defense]] was investing $35 million into MP Materials as part of an effort to spur domestic rare earth production in the United States.<ref>{{cite news |last1=Scheyder |first1=Ernest |last2=Holland |first2=Steve |title=Biden voices support for new U.S. mines, if they don't repeat past sins |url=https://www.reuters.com/business/energy/biden-set-tout-us-progress-critical-minerals-production-2022-02-22/ |access-date=1 March 2022 |work=Reuters |date=22 February 2022}}</ref><ref name=AP22>{{cite news |last1=Ronayne |first1=Kathleen |title=Biden wants to cut into China's electric battery dominance |url=https://apnews.com/article/joe-biden-technology-business-nevada-environment-and-nature-630a11b14d738335d9d336bc9b51be8e |access-date=23 February 2022 |work=AP |date=22 February 2022}}</ref> Biden said that this move was designed to reduce America's reliance on rare earth minerals imported from other countries.<ref>{{cite news |last1=Gangitano |first1=Alex |title=Biden says mineral supply chain actions will help end foreign reliance |url=https://thehill.com/homenews/administration/595380-biden-says-mineral-supply-chain-push-will-end-dependence-on-china-for |access-date=23 February 2022 |work=The Hill |date=22 February 2022}}</ref><ref>{{cite news |last1=Coppola |first1=Gabrielle |title=Biden Bets on U.S. Battery Independence |url=https://www.bloomberg.com/news/articles/2022-02-26/biden-bets-on-u-s-battery-independence |access-date=1 March 2022 |work=Bloomberg |date=26 February 2022}}</ref> The Biden administration said the federal funding is earmarked to assist the company to develop a new commercial facility for “heavy” rare earth mineral processing.<ref name=AP22 />

 

 

== See also ==