A front view of Independence, MP Materials' state-of-the-art rare earth magnet manufacturing facility in Fort Worth, Texas. (Photo: Business Wire) A rare earth magnet being inspected at MP Materials' ...
Jaguar Land Rover’s investment arm InMotion Ventures has invested $2 million in rare earth magnets recycling company Cyclic Materials, bringing its Series B funding round to $55 million.
MP Materials' Fort Worth plant is poised to produce about 1,000 metric tons of finished NdFeB magnets a year, with a gradual production ramp beginning in late 2025, the company said. The facility will ...