Vital Metals Competitors

Lynas Rare Earths Ltd (ASX:LYC) is the only commercial producer of separated Light and Heavy Rare Earths outside of China. Lynas' Mt Weld Rare Earths deposit near Laverton, Western Australia, is acknowledged as one of the highest grade Rare Earths mines in the world. Concentrate sourced from the Mt Weld deposit is processed at the Lynas Rare Earths Facility in Kalgoorlie, Western Australia, and the Lynas Malaysia advanced materials plant in Kuantan, Malaysia. Lynas is focused on production that is safe for its people, safe for its communities, and safe for the environment.

MP Materials (NYSE: MP) is rebuilding the American rare earth supply chain. From our operations in California and Texas, we produce the materials and magnets that power technologies critical to modern life, economic competitiveness, and national security. At Mountain Pass, California, we operate one of the world's richest rare earth deposits and the second-largest rare earth mine globally. There, we mine, process, separate, and refine rare earth materials. In Texas, we manufacture high-performance rare earth magnets at our Independence facility, bringing a critical industrial capability back to the United States. We are expanding those capabilities through investments in additional refining capacity, recycling circuits, and larger-scale magnet manufacturing. Construction is underway on 10X, our second U.S. magnetics facility, which will further scale domestic production and help meet growing demand from industry. MP Materials serves leading customers across technology, automotive, and defense, including Apple, General Motors, and the U.S. Department of War. Our mission is straightforward: restore the full rare earth supply chain to the United States and strengthen the industrial foundation on which the next generation of American manufacturing will be built.

Iluka is a global critical minerals company with expertise in exploration, development, mining, processing, marketing and rehabilitation. The company’s objective is to deliver sustainable value. With over 70 years’ industry experience, Iluka is a leading producer of zircon and the high grade titanium dioxide feedstocks rutile and synthetic rutile. Additionally, Iluka has also established a significant position in rare earth elements (rare earths). Iluka's products are used in an array of applications including technology, construction, medical, lifestyle and industrial uses. As the world moves towards a smarter, safer and sustainable future, Iluka’s high quality products are in increasing demand. Iluka has projects and operations in Australia and a globally integrated marketing network. Exploration activities are conducted internationally and Iluka is actively engaged in the rehabilitation of previous activities in the United States and Australia. Headquartered in Perth, Western Australia, Iluka is listed on the Australian Securities Exchange (ASX). Iluka holds a 20% stake in Deterra Royalties, the largest ASX-listed resources focused royalty company.