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Posted inPress Release

Company building magnet plant in Fort Worth signs agreement with Sumitomo

LAS VEGAS and TOKYO, February 21, 2023 – MP Materials Corp. (NYSE: MP) and Sumitomo Corporation (“SC”) today announced an agreement to diversify and strengthen rare earth supplies in Japan. Under the agreement, SC will serve as the exclusive distributor of NdPr oxide produced by MP Materials to Japanese customers. Further, the companies will collaborate […]