Element Resources Competitors

We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people. Forward. For all. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.

Our purpose is to make a difference by developing natural resources, improving people’s lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources.

MP Materials (NYSE: MP) is America’s only fully-integrated rare earth producer with capabilities spanning the entire supply chain—from mining and processing to advanced metallization, magnet manufacturing and recycling. MP Materials currently operates the world’s second-largest rare earth mine in Mountain Pass, California – one of the world’s richest rare earth deposits – where it extracts, refines, and separates rare earth materials. The Company also manufactures the world’s strongest and most efficient permanent magnets at its Independence magnetics facility in Texas. MP Materials is extending its downstream capabilities through its transformational public-private partnership with the U.S. Department of War to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain at scale and reduce foreign dependency. MP Materials will soon begin construction of the Company’s second magnet manufacturing facility in the United States, 10X. MP’s flagship customers include Apple, General Motors, and the U.S. Department of War.