MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors

URLhttps://finance.yahoo.com/news/mp-materials-build-
Sourcehttps://finance.yahoo.com
Date Published12/09/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name MP Materials Corp.
Parent companyMP Materials Corp.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
City reshored to:Fort Worth
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredNdFeB permanent magnets
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