US Rare Earths Champion Says Pentagon Deal Not Easily Replicable

The article discusses the challenges faced by US rare earths producer MP Materials Corp. in replicating the Pentagon's investment deal to support the construction of domestic rare earths production capacity. MP Materials Corp. is the sole US producer of rare earth elements, which are critical for the manufacturing of various high-tech products. The company received government investment from the Pentagon to aid in the development of domestic rare earths production capacity. However, the article suggests that this type of government support may not be easily replicated for other companies in the rare earths industry. The article highlights the unique circumstances and challenges involved in securing such a deal, indicating that it may not be a straightforward process for other players in the market. The article emphasizes the importance of domestic rare earths production for the US and the challenges the industry faces in achieving self-sufficiency in this strategic resource.