Mag REEsource Competitors

China Minmetals Corporation is an international metals and mining corporation committed to providing high-quality services globally, adhering to a development philosophy of “cherishing limited resources and pursue boundless development”. It primarily engages in exploration, mining, smelting, processing and trading for metals and minerals, and is also engaged in finance, real estate, and mining and metallurgic technology, with business scope covering 26 nations and regions in the world. It has 168 thousand employees and controls nine listed companies at home and abroad, with total assets amounting to RMB200 billion Yuan. In 2010, China Minmetals achieved operating revenue of RMB255 billion Yuan and total profit of RMB7 billion Yuan, ranking No. 228 among the Fortune Global 500 and No.6 among metal companies.

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.

Ecovyst is a leading provider of sulfuric acid, sulfuric acid regeneration services, and sulfuric acid derivatives, with over 120 years of history. Our company has longstanding customer relationships' and our products and services play an essential role in our customers’ operations and industrial processes. We support our customers’ growth, while enabling the expansion forward looking technologies such as the production of cleaner-burning fuels and the mining of materials that are necessary to broader electrification. Our company provides end-to-end sulfuric acid regeneration services and specialty-grade high-purity virgin sulfuric acid for diverse applications including mining, electronics, lead-acid batteries, water treatment, and agricultural products. Ecoservices regeneration services help avoid significant landfill or deep well disposal, contributing to a circular economy through the recycling of spent sulfuric acid. We believe that each of our team members can be a catalyst for positive change. As a company with a global reach, complemented by strong local presence, we help our customers solve complex challenges, always with a focus on safety and a desire to leave future generations a planet that is healthier and more sustainable. Our core values of Stewardship, High Standards, Integrity, and Engagement, guide us in these endeavors.