MP Materials Completes Business Combination and Will Begin Trading on the NYSE under “MP”

URLhttps://www.businesswire.com/news/home/20201117006
Sourcebusinesswire
Date Published11/17/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name MP Materials Corp.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
City reshored to:Mountain Pass
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredNeodymium-Praseodymium, rare earth metals
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Image/brand, Impact on domestic economy, Skilled workforce availability/training, Under-utilized capacity
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