The company has an offtake agreement with Shenghe Resources (Singapore) that was modified in mid-2020. MP Materials is now free to sell to whomever they choose, (are there other buyers?) but will still be repaying the Shenghe Offtake Advance (currently $78 million). Management of MP Materials has estimated that this would be approximately four years from the date of the modification of the offtake agreement, putting it sometime in 2024. QUOTE
There was an article some time back which I can’t find right now that talked about China could be interested in buying the finished processed rare earth if it could be achieved in the US . There is a great deal of manoeuvring going on as the rare earths supply market builds as the electrification of industry enters a growth phase IMO.
https://investorintel.com/markets/technology-metals/technology-metals-intel/mp-materials-it-is-rare-earths-deja-vu-all-over-again/
The company has an offtake agreement with Shenghe Resources...
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