MP Supplies Corp. (MP) Jefferies Battery Storage & Supplies Digital Convention (Transcript)

MP Supplies Corp. (NYSE:MP) Jeffries Battery Storage & Supplies Digital Convention December 13, 2024 2:20 PM ET

Firm Contributors

Ryan Corbett – CFO

Convention Name Contributors

Lawrence Alexander – Jefferies

Lawrence Alexander

Hello there. So, thanks. So, simply persevering with with the day, it is my pleasure to introduce Ryan Corbett, who’s the CFO at MP Supplies. And I believe the way in which we’ll begin off. Ryan, thanks very a lot for doing the dialogue at the moment. Let’s simply bounce proper in.

Query-and-Reply Session

This digital convention has been targeted on battery supplies, which, technically, your merchandise should not instantly concerned in. However, so are you able to simply give us your perspective on a quick overview, of your mission and particularly, speak about market construction, how the uncommon earth magnet market differs from the battery market when it comes to structural dynamics?

Ryan Corbett

Certain, completely. And hello, Lawrence, thanks for having me. We respect it. Joyful to be right here. You definitely, you realize, whereas we’re not within the battery, we’re shut by to the battery. We regularly get confused as being a battery materials. And I believe lots of important minerals lately form of, simply get characterised as such. However uncommon earth everlasting magnets, are typically discovered within the motor.

And what we do at MP Supplies, is personal and function the Mountain go mining and processing facility in Mountain Go, California, which is without doubt one of the world’s largest uncommon earth mining and refining services. We’ve for the previous a few years been one of many world’s largest producers of uncommon earth content material. A couple of yr in the past, we launched into ramping up our refining facility, to provide the separated uncommon earth merchandise.

Specifically NdPr, neodymium, praseodymium that kind the elemental constructing block of everlasting magnets. Along with that, we’ve got what