Rare earth magnet producer MP Materials Corp. (MP) secured a $400 million equity investment from the US Department of Defense to build a new plant, with a $1 billion financing commitment from JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc (GS). James Litinsky, Founder, Chairman and Chief Executive Officer of MP Materials says the investment will allow MP Materials to drastically increase their partnership, and that the Department of Defense is now their largest shareholder. He was joined by Bloomberg News Economic Statecraft reporter Joe Deaux.

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