The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Part of a much larger critical minerals investment and strategy unveiled by the Biden administration on Feb. 22, the Pentagon has awarded MP Materials Corp. a $35 million contract to commercially separate and refine heavy rare earth elements at its Mountain Pass Mine. Located in California's Mojave Desert, Mountain Pass is currently the only mine in the United States that produces rare earths, a group of 17 elements critical to a wide array of technologies used for industrial...
In its race toward becoming North America's electric vehicle market leader by 2025, General Motors Co. has unveiled plans to invest roughly $7 billion in new lithium-ion battery and EV manufacturing facilities in Michigan, the single largest investment ever by the American automaker. "Today we are taking the next step in our continuous work to establish GM's EV leadership by making investments in our vertically integrated battery production in the U.S., and our North American...
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 cell manufacturing to electric drive motors and beyond, further accelerating GM's...
