Company/Division name | MP Materials Corp. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 350 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 735 |
City reshored to: | Mountain Pass |
State(s) reshored to: | CA |
If relevant, work nearshored to: | - |
Industry(ies): | Nonmetallic Mineral Products |
Product(s) reshored | rare earth minerals |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | Government Incentives, Raw Materials Cost |
Government Incentive dollar amount: | $35 million |