The Magnets Value Chain Support Act, bipartisan legislation introduced by Chairman @RepMoolenaar and Ranking Member @RepRoKhanna, would create tax credits for the entire magnet supply chain and incentivize magnet production in America.
Magnets are in motors, generators,
MP Materials
1,048 posts
🇺🇸 rare earth champion. Mine & refine in California. Metals & magnets in Texas. Las Vegas HQ | NYSE: $MP ⚡ 🧲 🦾
- Replying to @MPMaterials
- $MP Q1 2026 highlights: • Record NdPr production: 917 MT (+63% YoY) • Record NdPr sales: 1,006 MT (+117% YoY) • Record Q1 REO production: 12,983 MT (+6% YoY) • Generated $132.9M of consolidated revenue and PPA Income • Generated $114.5M revenue + PPA income & $36.7M
- We’re working with Apple to innovate and deploy large-scale recycling capabilities in America Details 👇One untapped resource to meet the rising need for rare earth elements: recycling what's already been used. cbsn.ws/4bHPszm
00:00 - MP Materials repostedHappening Now: @USDASDuffey joins @RepRileyMoore & @MPMaterials CEO James Litinsky at The Hill & Valley Forum to discuss rebuilding our industrial base for strategic competition. Watch live at 1:30 p.m. EST:
- MP Materials repostedAbout a decade after he bought a shuttered rare earths mine that was, literally, partially underwater, MP Materials CEO James Litinsky has transformed his business into a pivotal player in America's national security.
- MP Materials repostedMountain Pass, California, might be the ultimate front of the U.S. trade war with China. It’s home to America’s only active rare earth mine. cbsn.ws/4c0jrnu
00:00 - MP Materials repostedMountain Pass, California, once led the world in rare earth production. But as mining and processing shifted to China, the mine shut down. Years later, a hedge fund manager saw a chance to revive it. cbsn.ws/3NhlnPe
00:00 - MP Materials reposted“Two hedge fund guys buy a mine. What could go wrong?” says James Litinsky. cbsn.ws/40MXzWA
00:00 - MP Materials reposted“This is the money room,” says Michael Rosenthal, who manages operations at the rare earth mine and refinery at Mountain Pass. About 300 bags of refined material, worth roughly $36 million, were stored here when 60 Minutes visited. cbsn.ws/480UN3E
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