U.S. rare earths miner MP Materials to go public in $1.47 billion deal

URLhttps://www.reuters.com/article/us-mp-materials-ip
SourceReuters
Date Published07/15/2020
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
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:Both
City reshored to:Mountain Pass
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
Product(s) reshoredrare earths minerals, 17 minerals, rare earths
What non-domestic negative factors made offshoring less attractive?Loss of control, Strained offshore relationships, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Image/brand, Impact on domestic economy, Skilled workforce availability/training, Under-utilized capacity, Other, essential product supply
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