CEO and Chairman, MP Materials
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Last updated May 31, 2026
As of May 2026: Leading the only major US rare earth producer
The United States imports roughly 80% of its rare earth elements and relies on China for over 90% of processing—materials essential to electric vehicles, wind turbines, and precision weapons. China's April 2025 export controls on seven heavy rare earths remain in force, with a broader set of restrictions due to expire in November 2026.
Updated May 31
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