Category: Markets
Published: 2026-06-22T23:03:47.000Z
USA Rare Earth Inc. has denied allegations made by MP Materials Corp. in a lawsuit, calling it an attempt to impede its growth in the nascent US rare earth industry. MP Materials accused USA Rare Earth of improperly obtaining confidential information and a "raiding campaign" to poach employees. This legal battle highlights increasing competition as both companies strive to establish rare earth processing and magnet-making capabilities in the US, especially given concerns about China's dominance and recent Chinese export controls affecting both firms.
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