MP Materials Ships Its First Magnets to GM in Q4. This is What The Milestone Is Worth.

Key Points MP Materials is attempting to build a rare-earth metals business in the United States. It has an operating rare-earth metals mine and is building out its processing capabilities. The company expects to start shipping rare-earth metal magnets to General Motors very soon. 10 stocks we like better than MP Materials › MP Materials (NYSE: MP) was early to the rare-earth metals story, positioning the company well as the importance of these materials became more widely understood. In fact, rare-earth metals are so important that the U.S. government even stepped in to provide the company with financing.