Published On Premiered Jul 28, 2020
TESLA and every electric vehicle need a critical component, NdPr Magnet. ZERO of these magnets are produced in the USA. China controls nearly the entire market of refining the raw materials and production of these magnets. MP Materials (FVAC) is the only company in the USA and Entire Western hemisphere that mines for the rare earth materials to produce NrPr Magnets. It is crucial that the US seriously starts to mine, refine, and produce these magnets and not rely on China and others.
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