It makes perfect sense - governments are going to shore up their supply chains and MP Materials is basically taken out of the market, leaving the EU with China, or to find another source.
I would very much doubt the EU would fund anything through an equity stake as the DOD did with MP - but expansion plans and a floor under the price in exchange for guaranteed supply? Absolutely yes.
Put yourself in Gina's shoes - why merge and/or compete when you can have 2 major markets wrapped up in separate deals?
Put yourself in Amandas shoes, Lynas does not need the US but the US may well need Lynas - let them come asking, and in the meanwhile, stay away and deal with the EU.
Japan and the EU to launch economic version of 2+2, joint procurement of rare earths, page-9
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