MP MaterialsMP-35.4% over 8mo
Chamath argues that public-private partnerships anchored by the US government acting as buyer of record for rare earths — like MP's deal with GM and the US government — are the only practical way to compete with Chinese mercantilism and protect domestic rare earth producers from Chinese price dumping.
Why is the federal government stepping in to create what is essentially a last resort buyer of record? It is so critical in these markets because the US balance sheet is the only one that can create a strategic reserve around these inputs” ⚑
Friedberg highlights MP Materials as the key US rare earth mining asset (Mountain Pass mine) that has secured a government deal to revitalize domestic production, positioning it as a beneficiary of US efforts to reshore rare earth supply chains.
The asset, the Mountain Pass mine that Molycorp operated became MP Materials, which Chamath knows well, and did this big deal recently with the US government as they've tried to revitalize production at this mine and increase output.” ⚑