“Restoring the full rare earth supply chain to the United States at scale would not be possible without US manufacturers like GM recognizing the strategic consequence and acting with conviction,” said MP Materials Chairman and CEO James Litinsky.
“We are building a resilient and sustainable EV manufacturing value chain in North America, from raw materials to cell manufacturing to electric drive motors and beyond, further accelerating GM’s vision to support a mass market for EVs,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.
To ensure the process is sustainable, waste generated by the rare earth alloy and magnet manufacturing will be recycled back into the process. GM and MP Materials will also explore other options to optimize the efficiency further.
MP Materials is already off to a good start, recycling more than 1 billion liters of water per year at its current facilities.
