A Great Business Exodus From China

URLhttps://townhall.com/tipsheet/sarahlee/2020/04/24/
SourceTown Hall
Date Published04/24/2020
Author NameSarah Lee
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name MP Materials
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Country(ies) from which reshored:China
City reshored to:Las Vegas
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredrare earth metals
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Government Incentives, tariffs, covid-19
Government Incentive dollar amount:unknown
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