Talk:MP Materials - Knowledge (XXG)

763:, filed for bankruptcy. At the time, it was the only U.S. producer of rare earth elements. While in bankruptcy, Secure Natural Resources (SNR), a company owned by Molycorp’s creditors, including JHL Capital Group, gained control of the mine’s mineral rights. In June 2017, the Mountain Pass mine was purchased at auction for $ 20.5 million by a new entity called MP Mine Operations LLC (MPMO). MPMO was a consortium formed principally by JHL Capital Group, a Chicago-based investment firm led by James Litinsky, along with QVT Financial LP and Shenghe Resources. Shenghe, a partially state-owned Chinese company, held a minority, non-voting interest. 2706: 1253: 794:“Molycorp Inc. filed for protection from creditors, becoming the biggest corporate failure in a bleak year for miners hit by slumping commodity prices and waning demand from their biggest customer, China. The Greenwood Village, Colo., company, the sole U.S. miner and producer of rare earth elements, said on Thursday it had secured an agreement with creditors to restructure its $ 1.7 billion in debt, and obtained $ 225 million in new financing to continue operations. It expects to have a court-approved restructuring plan by the end of the year.” 804:“California’s Mountain Pass mine, the sole significant developed source for crucial rare earths electronics elements in the U.S., is destined to go on the auction block in March, according to papers filed Tuesday in the U.S. Bankruptcy Court in Wilmington, Del. Up for sale is land and some equipment at the mine, according to court papers. Mineral rights at the site belong to an entity called Secured Natural Resources LLC, which is owned by creditors of the mine’s former owner, Molycorp Inc., including JHL Capital Group LLC.” 2746:: see the section on "I am an employee of the copyright owner" is the most likely scenario for you if you did not take the photo but want to have the correct copyright information. If this is not a company photo or a photo you took, do you have permission from the copyright owner to use this file? I have marked this request as answered for now; once you have replied to #3 (and addressed any copyright things if necessary), please re-open this request by removing the "|A" from 268: 445: 420: 116: 1050:“The California mine, Mountain Pass, was bought out of insolvency in 2017 by a rescue consortium that included Shenghe—and secured the Chinese company rights to Mountain Pass’s output. According to MP’s listing prospectus filed last October, Shenghe is currently the firm’s principle source of revenues as the sole buyer of MP’s rare earth concentrate, which Shenghe sends to China for processing.” 64: 680:“Hu’s speech came the same year Shenghe made one of its most significant overseas investments. It has an 8% stake in MP Materials, an American company that operates the only active rare earths mine in the US. The California mine, Mountain Pass, was bought out of insolvency in 2017 by a rescue consortium that included Shenghe—and secured the Chinese company rights to Mountain Pass’s output.” 3085: 2612: 1169: 1086: 1001: 926: 850: 717: 500: 670:. In this case, there is reliable source coverage of the ownership stake of Shenghe Resources (as discussed in the main article) so I propose keeping Shenghe in the lead as its new final sentence. This placement of the sentence at the end of the paragraph allows the lead to read consistently with the best practices format for the lead of public company GAs (about what the company does). 179: 158: 3640: 3603: 22: 78: 53: 189: 3661: 2848: 1702: 1213: 1142: 1109:“Following that award, on November 17, 2020, the Department of Defense announced that MP Materials was awarded a Defense Production Act Title III technology investment agreement, which includes a $ 9.6 million contribution to the company’s Stage II optimization plan to establish domestic processing capabilities for light rare earth elements.” 1059: 974: 899: 823: 689: 559: 1567:, I suggest simply listing the three largest shareholders at a fixed point in time without giving exact percentages since this routinely fluctuates as shares are bought and sold on the public market. (It makes sense to list Shenghe with their current percentage of 7.72%, because its stake has been deemed newsworthy). 2794:

I'm not too familiar with the nuts and bolts of the OTRS process but I don't imagine the image being deleted immediately, so there's no need to upload here. There are other companies that have done this before so I don't think it will be a problem, but I believe once approved they will put some kind

740:

In 2015, JHL Capital Group, a Chicago-based investment firm founded by James Litinsky, acquired a controlling secured debt position in the Mountain Pass Mine and processing facilities while the assets were in bankruptcy. In May 2017, JHL Capital Group led the creditor group that acquired the mineral

2779:

Thank you for your review! You’re right, I’m an employee of MP Materials, the copyright owner. I’ll send the email as instructed. The image is live on Commons and I’m sure the response team will remove it if there are any problems. Would you mind putting it up on Knowledge (XXG) in the meantime? Do

515:

Hi there, I work with MP Materials and would like to propose some changes to this Knowledge (XXG) page. Can an independent editor please review these suggested edits? Except for the Infobox, all the requests for new text are shaded in green. I begin each request by specifying the text to be changed

3215:

This 2021 information would be removed from the History section under Request Two, so would no longer remain in the lead. Ownership stakes in a publicly traded company are always shifting and as per most other public company articles, this information should not be in the lead. Major shareholders

1530:

Thanks very much for your review. Regarding Requests #2 and #3, part of my rationale was to correct inaccuracies regarding the ownership percentages as had been represented in the lead and which have now moved down to the History section. The exact percentages that had been given (and are still in

529:

Please update the Infobox so it a) deletes old PRODUCTION figures and updates with new production figures (newly sourced); b) deletes old NUMBER OF EMPLOYEES and updates NUMBER OF EMPLOYEES and NUMBER OF EMPLOYEES YEAR (newly sourced); c) adds an additional major OWNER (James Litinsky) since he is

3769:

Rationale: I suggest revising the paragraph for accuracy (the processes you had listed related to Stage I only) and replacing the primary source. Primary sources should “to make straightforward, descriptive statements of facts that can be verified by any educated person with access to the primary

1278:

I’d ask that the initial “Not Done” here be given no weight. Quetstar has now bowed out of working on all REs, after an editor complained that they rejected virtually all REs with little rationale or explanation, Quetstar said "I admit I've gone overboard with my responses and rash attitude. I am

745:

called Secure Natural Resources (SNR). Also, later in 2017, in a partnership with QVT Financial, JHL Capital Group formed MP Mine Operations (MPMO) (dba MP Materials) to acquire the Mountain Pass Mine and operating facilities as well as other assets on the site that were owned by Oaktree, another

1562:

If Knowledge (XXG) is going to list the major shareholders in the lead, then I think it should say JHL, QVT, and James Litinsky are the three largest shareholders, plus Shenghe because its stake has been deemed newsworthy by reliable sources. Also, to keep this article accurate and in line with

2687:

was investing $ 35 million into MP Materials as part of an effort to spur domestic rare earth production in the United States. Biden said that this move was designed to reduce America’s almost 100% reliance on rare earth minerals imported from other countries. The Biden Administration said the

1760:

Thank you very much for updating the History section. Would it be possible to update the final sentence in the lead as well, so it matches the correct information in the body of the article/history section? The current final sentence in the lead is incorrect. JHL was the largest shareholder in

3728:

Rationale: The shares in MP Materials are held by the company owned by Gina Rinehart (Hancock Prospecting) - not by Rinehart personally. Also, the Reuters source doesn’t mention anything about Rinehart's company disclosing shares in Lynas, so I’ve added a citation that covers this as well.

814:“Less than a year after the bankruptcy trustee threatened to have Mountain Pass mine’s case dismissed, it is to be sold for $ 20.5 million, a price that Judge Christopher Friday’s court hearing in Wilmington, Del., called ‘an excellent result’ for an asset that had proved tough to sell.” 1405:

Thanks for the suggestion, but wouldn’t adding the template seven times result in this article showing up seven times on the Request Edit queue? I looked over many Request Edits with multiple asks and all of them seem to have only one {{edit COI}} template at the top. Examples are

658:), and none have the exact percentages of all the current major investors/owners in the lead. One or more owners/investors might be mentioned but only as part of a noteworthy event receiving news coverage, such as a takeover or the founding of the company. Examples GAs include: 2189: 1204:: Describes a significant government grant (sourced to The Las Vegas Review-Journal, a reliable mainstream source) to study turning a fossil fuel byproduct into a valuable commodity. Government-funded research is a noteworthy event in the company’s history. 3156:

As of December 2021, JHL Capital Group, QVT Financial, and CEO James Litinsky were the company's three largest shareholders, and about 7.7% of the company was owned by Shenghe Resources, a Chinese company. Apart from institutions, other investors own 18%.

3173:

Updates to note the shift in MP Materials’ shareholder ownership over the years (i.e. QVT and JHL no longer a majority shareholder, the addition of BlackRock, Hancock Prospecting and Vanguard, which all own more than 5%), supported by citation from CNBC.

1531:

the History section) are incorrect, as is the conclusion that JHL Capital Group holds a majority stake. In fact, JHL holds ~23.6%, followed by QVT Financial at ~11.3%, and MP Materials Chairman and CEO James Litinsky at ~9.47%, with Shenghe at ~7.72%.

1761:

February, but did not hold a majority stake in February (or now). I think the cleanest solution is to mirror the statement in the lead with that of the history section. Thanks again for working through this and updating the page for accuracy!

1485:

sorry for the delay, I have fully or partially implemented your edit requests as described per above. Thank you providing references and quotes for paywalled references, it made it much easier to verify all of your proposed additions. Best,

965:: The actual amount of rare earth removed in 2020 is inaccurate on Knowledge (XXG) (should be 38,500.) Note that I have added a secondary source and removed the primary source as the citation. The secondary source is correct and preferred. 1335:

Please add the {{edit COI}} template to each individual request. It will make it easier for editors to review them individually rather than as a whole. The easier you make it for volunteer editors, the more likely they are to respond.

1628:

To simplify things, I suggest using the same language both for the closing of the lead and for the final paragraph of the History section. Here is a suggested replacement sentence that could be used in both places that is accurate and

3208:

As of December 2021, JHL Capital Group, QVT Financial and CEO James Litinsky were the company's three largest shareholders, with about 7.7% of the company owned by Shenghe Resources, a Chinese rare earth business located in Sichuan.

2181: 1040:: Sets a date for this statement so it doesn’t sound perennial. The first source says “currently” and the second source, a redundant PRIMARY given for research purposes, also says that MP “currently rel” on Shenghe. (page 9). 3361: 1658:

As of December 2021, JHL Capital Group, QVT Financial and CEO James Litinsky were the company’s three largest shareholders, with about 7.7% of the company owned by Shenghe Resources, a partially state-owned Chinese

3144:

Updates products section in the infobox to include “metals” and “magnets”, which are not rare earth concentrates. I updated the infobox with the most recent number of employees, and also added citations.

3774:

Because these production processes are highly technical and not likely to be understood by someone without specialized knowledge, I suggest this revised version which is supported by a reliable secondary

286: 1300:

Format changes: simplified requested changes to Infobox; added green background to all proposed language. Includes specific instructions for changing/deleting X to Y in every request, as instructed in

389: 1596:

Similarly, in the History section, the statement that JHL, Litinsky, and QVT owned 51.8% of MP Materials is inaccurate (the actual collective total of these three is 44.37% as of December 16, 2021

3667:

Part three done. I'm hesitant to do part four, because I don't like to remove content, but don't hesitate to message another editor to the article if you feel anything else needs to be changed. ⸺(

2654:

for use in GM electric vehicle motors. As part of the contract, MP Materials also agreed to provide alloy and finished magnets to GM for its electric vehicles and to open a new factory located in

873:“The transaction, which closed on November 17, 2020, raised $ 545 million to fund its three-stage business to create a vertically integrated rare earth magnet supply-chain in the United States.” 3259: 89:. The project works to allow users to contribute quality articles and media files to the encyclopedia and track their progress as they are developed. To participate, please visit the 1373:

I wanted to let you know that I implemented the formatting change as you recommended. Given this, do you have time to do a review of these requests? Thank you for your consideration.

2260: 788: 2694:

This development was important enough news that President Biden announced it personally at a press conference. It received substantial press coverage in quality reliable sources.

609:

MP Materials is majority-owned to 51.8% by hedge funds JHL Capital Group (and its CEO James Litinsky) and QVT Financial LP, while Shenghe Resources Holding Co. Ltd., a partially

3563: 3455: 2046: 3365: 1870:

I have made the update to the lead and left a note in the Edit Summary that this was authorized by you. Thanks again for your help with updating this article. Happy new year.

779:

to detail how MP Materials came into existence. The sources for these sentences as they are presently on Knowledge (XXG) are from a press release and a government document.

3100:

Hi there, I work with MP Materials and would like to propose some changes to this Knowledge (XXG) page. Can an independent editor please review the suggested edits below?

2635:

Since you are already familiar with this article from the last round of RE reviews, I was wondering if you might be interested in taking a look at these requested edits.

4014: 2780:

you even hear back from them if there are no questions? I don't think I would know when to alert you there's been a review since the image is already live on Commons.

1197:

in 2021 to design and study the feasibility of a system to produce rare earth oxides and metals from coal by-products in collaboration with the University of Kentucky.

3166:

As of 2024, CEO James Litinsky was the company's largest shareholder. Other large shareholders include Vanguard, Shenghe Resources, BlackRock and Hancock Prospecting.

2237: 4044: 2834:

I had some email dialogue with Commons volunteers and express permission has been added to the image file page. Are you able to now post the image? Thanks again.

1947: 90: 85: 58: 2742:

For 3, did you personally take the aerial photograph of the mine? If so, let me know; if not (i.e. this was a company photo), please follow the instructions at

958:

MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,500 tonnes in 2020, or more than 15% of global production.

3697:

policy but I can make suggestions. I think some of what you did can be improved. I hope you’ll consider the following suggestions to improve your great work.

2627:

Hi, I have other suggestions to update this article. I have a conflict of interest as an employee of the company, as disclosed above. Here are my suggestions.

245: 3488: 3233: 2702:

In the History section, “Mountain Pass mine” subsection, please add the following photo by pasting the following code directly below the subsection title:

2079: 1981: 3882: 3867: 3853: 639:

articles about public companies, which can be used as models because they are GA, few have anything about owners/investors of the company in the lead (see

3026: 325: 312: 3000: 696:

However, I moved the info in the lead down to the History section, since it doesn't appear elsewhere in the article and seems reasonable to have present.

3286: 2796: 2715:

This photo of the Mountain Pass mine can give readers additional visual context to augment the discussion of the mine in the text of this subsection.

2527: 3976: 2944: 4029: 1447:

I have added the “Request Edit” templates above each request, since it looks like lots of the new requests in this queue are following that format.

235: 4034: 2920: 2215: 211: 1411: 3263: 2971: 746:

bankruptcy creditor. At the time, Mountain Pass was in a state of “care and maintenance” and had only eight employees, according to Litinsky.

530:

the third largest shareholder at present. (newly sourced). Here is the exact language and citations for these specific fields in the INFOBOX.

319: 4039: 3962: 299: 3197:

Updates Mountain Pass mining section with new information about a supply chain deal in 2023 that was covered by reliable press outlets.

2684: 1407: 1119: 798: 742: 140: 2286: 1194: 3567: 3445: 2036: 202: 163: 4024: 4019: 2182:"Molycorp, Inc. Signs Restructuring Support Agreement With Key Creditors; Agreement Covers More Than 70% of 10% Secured Noteholders" 2688:

federal funding is earmarked to assist the company to develop a new commercial facility for “heavy” rare earth mineral processing.

2314: 808: 592: 3801:. My suggested revision provides the most recent information available about the project as reported in a leading media source. 63: 2705: 1129:: The current sentence is sourced only to a press release from the DOD. The replacement statement is sourced with an acceptable 586: 2643:

In the History section, please add a new paragraph after the third paragraph (just above the “Mountain Pass mine” subsection):

890:

policy guidelines for acceptable sources. This version also removes extraneous detail not present in the new secondary source.

1280: 949:“MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,000 tonnes in 2020...” 451: 425: 293: 280: 33: 2461: 2419: 2167: 2125: 380: 3052: 306: 2211: 4009: 1122:

awarded MP Materials $ 9.6 million as part of a government effort to increase domestic production of rare earth materials.

2434: 2392: 2229: 2140: 3510: 2737:

requests 1 and 2 are done; for 2 I put that in the "U.S. government contracts" section, as it seemed to be more related.

2101: 3707:

disclosed a 5.82% stake in Lynas Rare Earths and a 5.3% stake in MP Materials. She currently holds 8.8 million shares.

3907: 3804:

Please let me know if you need any further information or clarification, and thanks again for your work on the page!

1922: 627:

As of February 2021, about 8% of the company was owned by Shenghe Resources, a partially state-owned Chinese company.

3693:

Thanks for your work on the MP Materials page! I work for the company, so I can’t directly edit the page under the

2475: 3732:

2. In the “History” section, please consider revising the third paragraph of the “Mountain Pass mine” subsection.

3478: 3418: 3390: 3091: 2894: 2618: 2579: 2069: 2009: 1597: 1532: 1175: 1092: 1007: 932: 856: 723: 506: 3830: 3937: 3782:

3. In the History section, please consider replacing the last sentence of the “Mountain Pass mine” subsection:

3668: 3647: 3610: 3362:"Cortez Masto looking to strengthen domestic green energy, rare-earth elements supply chain dominated by China" 2676:

In the History section, please add the following new paragraph just above the “Mountain Pass mine” subsection:

655: 3290: 332: 39: 3797:

Rationale: The information in the existing sentence is cited to a press release which is not allowable under

2291: 134: 456: 430: 610: 352: 3794:

As of 2023, stages II and III were underway and the company had begun production of refined rare earths.

886:‘’Reason’’: Existing version of this sentence is based on a press release, which does not conform to the 2750: 2501: 210:

on Knowledge (XXG). If you would like to participate, please visit the project page, where you can join

3809: 3627: 3591: 2839: 2785: 2723: 1875: 1766: 1693: 1452: 1422: 1378: 1310: 1288: 1241: 674:

Since the Quartz article cited here is behind a paywall, here is the relevant excerpt of that article:

3826: 3688: 3483: 3187: 3182:

In the Mountain Pass mine subsection, please add a new sentence to the end of the second paragraph:

2553: 2439: 2397: 2145: 2074: 3771: 3313: 1564: 771:

Clarifies and corrects the history of the creation of MP Materials. Uses sources from articles from

21: 3714: 3672: 3651: 3614: 3129: 3112: 614: 2554:"DOE awards #3M to MP Materials for project to extract rare earths from fossil fuel waste streams" 1302: 1033:

As of late 2020, Shenghe Resources was the sole purchaser of MP Material’s rare earth concentrate.

1021:

In the section ‘History’, subsection ‘Mountain Pass mine’, please REWRITE the last sentence from:

517: 2455: 2413: 2161: 1415: 1264: 760: 130: 2119: 3721:, disclosed a 5.3% stake in MP Materials, comprising 8.8 million shares, and a 5.8% stake in 2800: 345: 3511:"Shenghe Resources Holding Co. Ltd: Shareholders Board Members Managers and Company Profile" 3450: 2651: 2102:"Shenghe Resources Holding Co. Ltd: Shareholders Board Members Managers and Company Profile" 2041: 1923:"US seeks to challenge China on rare-earth elements, key ingredients in Biden's energy plan" 338: 194: 3694: 2340: 1341: 659: 369: 3798: 3776: 1130: 887: 636: 635:

These changes make the page consistent with best practices for company articles. Of the

2668:

This development received substantial business press coverage in high-quality sources.

2647: 643: 267: 1948:"Could The MP Materials Corp. (NYSE:MP) Ownership Structure Tell Us Something Useful?" 870:

In the second paragraph of the History section, please DELETE the following sentence:

4003: 3718: 3704: 1260: 1599:), but this routinely fluctuates as shares are bought and sold on the public market. 1279:

going to take a break from this, as COI requests have been consuming my patience.".

3883:"Gina Rinehart's Hancock Prospecting grabs 5.8 per cent stake in Lynas Rare Earths" 2860: 2829: 2804: 2774: 2757: 2630: 1867: 1816: 1755: 1710: 1525: 1488: 1221: 1150: 1067: 982: 907: 831: 698: 647: 567: 3314:"MP Materials magnet manufacturing facility to bring over 100 jobs to North Texas" 3788:

As of 2024, the company had completed stage I and had begun working on stage II.

3700:

1. In the sixth paragraph of the History section, please consider changing this:

3287:"China Dominates the Rare Earths Market. This U.S. Mine Is Trying to Change That" 2743: 2502:"U.S. rare earths miner MP Materials profit surges in first results post listing" 3938:"Rare earth mining may be key to our renewable energy future. But at what cost?" 3822:

Thanks for the suggestions. I will review and make those changes as appropriate.

3805: 3623: 3587: 2855: 2835: 2781: 2734: 2719: 2366: 1871: 1811: 1762: 1689: 1482: 1448: 1418: 1374: 1330: 1306: 1284: 1237: 3537: 444: 419: 3738:

MP Materials has a three-phase plan for producing and scaling its operations:

3446:"California Mine Becomes Key Part of Push to Revive US Rare Earths Processing" 3335: 2921:"MP Materials CEO says GM partnership key to building EV supply chain in U.S." 2655: 2037:"California Mine Becomes Key Part of Push to Revive US Rare Earths Processing" 1368: 1337: 184: 115: 1024:

Shenghe Resources is the sole buyer of MP Materials' rare earth concentrate.

946:

In the section ‘Mountain Pass mine’, please change the sentence that begins:

783:

Since the WSJ articles are behind a paywall, here are the relevant sentences:

3755:

As of 2023, MP Materials had a three-stage plan for scaling its operations:

3260:"The U.S. Wants a Rare-Earths Supply Chain. Here's Why It Won't Come Easily" 2680: 651: 2435:"A Chinese rare earths giant is building international alliances worldwide" 2393:"A Chinese rare earths giant is building international alliances worldwide" 2141:"A Chinese rare earths giant is building international alliances worldwide" 1189:

In the section ‘U.S. government contracts’, please add a second paragraph:

3639: 3602: 3186:

MP Materials signed a supply chain agreement with Japanese trading house

741:

rights to the Mountain Pass Mine out of bankruptcy via the formation of a

3765:

Stage III: Production of rare earth metals, alloys, and permanent magnets

2972:"Biden voices support for new U.S. mines, if they don't repeat past sins" 1281:

Wikipedia_talk:Edit_requests#Issues with editor reviewing Requested Edits

882:

The transaction, which closed on November 17, 2020, raised $ 545 million.

756: 663: 520:, then give the requested language. I appreciate your review. Thank you! 3027:"Biden says mineral supply chain actions will help end foreign reliance" 207: 178: 157: 3660: 3479:"The US is taking steps towards breaking China's rare earths monopoly" 2070:"The US is taking steps towards breaking China's rare earths monopoly" 1044:

Here’s the relevant text from the Quartz article (which is paywalled):

585: 617:, holds an 8.0% stake. Apart from institutions, the public owns 18%. 3834: 3813: 3675: 3654: 3631: 3617: 3595: 2866: 2810: 2789: 2763: 2727: 1879: 1822: 1770: 1716: 1494: 1456: 1426: 1382: 1345: 1314: 1292: 1268: 1245: 1227: 1156: 1073: 988: 913: 837: 704: 573: 77: 52: 3234:"Mine near Las Vegas produces much of world's rare earth materials" 1982:"Mine near Las Vegas produces much of world's rare earth materials" 606:

In the lead, please delete the current second and third sentences:

287:

Knowledge (XXG):Requested articles/Business and economics/Companies

3868:"Australian magnate Rinehart takes stake in US miner MP Materials" 3854:"Australian magnate Rinehart takes stake in US miner MP Materials" 3722: 2895:"GM Keeps Building Up Its EV Supply Chain. Here's the Latest Deal" 2704: 2659: 1814:

You are approved to go ahead and make the requested change. Best,

2646:

In December 2021, MP Materials signed a long-term agreement with

737:

In the History section, please REWRITE the first paragraph from:

2799:

for an example). If you have specific questions, I believe that

667: 3153:

Please update the last paragraph in the History section from:

3094: