MP Materials and Sumitomo Corporation Strengthen Rare Earth Supply in Japan
MP Materials Corp. (NYSE: MP) and Sumitomo Corporation ("SC") today announced an agreement to diversify and strengthen rare earth supplies in Japan.
- MP Materials Corp. (NYSE: MP) and Sumitomo Corporation ("SC") today announced an agreement to diversify and strengthen rare earth supplies in Japan.
- Access to MP Materials’ U.S.-produced rare earths will stabilize, diversify, and strengthen a supply chain of critical importance to Japan’s manufacturing sector.
- MP Materials’ Mountain Pass facility is the largest source of rare earth production in the Western Hemisphere.
- SC and MP Materials will leverage mutual strengths to contribute to the stable procurement of rare earth materials in Japan and support efforts to decarbonize society.