
Explore how the U.S. Department of Defense became the largest shareholder of MP Materials to rebuild a domestic rare earth supply chain. This episode breaks down the $550M DoD deal, the strategic price floor for NdPr, and what it means for national security, EVs, and U.S.–China economic competition. Learn how magnets, missiles, and market forces are reshaping U.S. industrial policy in the fight for critical mineral independence.