Michael Rosenthal and James Litinsky are the leaders of MP Materials, which runs the only active rare earth metals mine in the U.S. When they bought the mine, neither had any background in geology, but both saw the need to rebuild a domestic supply chain for these strategic metals. “The idea that this entire supply chain was on the other side of the world in China. It just occurred to us that someone had to help fix this problem,” says Litinsky. China dominates the rare earth market. These eleme
0:54
Michael Rosenthal and James Litinsky are the leaders of MP Materials, which runs the only active rare earth metals mine in the U.S. When they bought the mine, neither had any background in geology, but both saw the need to rebuild a domestic supply chain for these strategic metals. “The idea that this entire supply chain was on the other side of the world in China. It just occurred to us that someone had to help fix this problem,” says Litinsky. China dominates the rare earth market. These eleme
24.1K views6 months ago
TikTok60minutes
MP Materials CEO on U.S. government deal: We can truly solve the rare earths magnetics crisis
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MP Materials CEO on U.S. government deal: We can truly solve the rare earths magnetics crisis
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More than 90% of the world’s rare earth magnets are made in China, says James Litinsky, chairman and CEO of MP Materials. That concentration gives China significant leverage over a critical supply chain. The public-private partnership with MP Materials aims to reinvigorate the U.S. rare earths industry - and bring the supply chain back to American shores. “Free markets work, but they don't work if you have an adversary that controls a monopoly that controls the prices,” says Secretary of the Int
14.4K views6 months ago
TikTok60minutes
0:51
“Two hedge fund guys buy a mine. What could go wrong?” says James Litinsky, CEO of MP Materials. The answer: a lot. Litinsky and Michael Rosenthal bought the Mountain Pass mine in 2017. At the time, it was underwater, financially and literally. There were 30 million gallons that had puddled at the bottom. But they got the mine back up and running – blasting earth, then crushing rocks into gravel, then milling it into fine powder. Mountain Pass grew from eight employees to more than 700. #rareear
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TikTok60minutes
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MP Materials appears to be the U.S. rare earths champion, says Canaccord Genuity's George Gianarikas
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MP Materials' Role in National Defense | Gary Chapman posted on the topic | LinkedIn
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