A leading US rare earths producer has filed a lawsuit accusing a domestic rival of “stealing” its technology, setting up a battle between two mining groups that have won backing from the Trump administration.
In the lawsuit, MP Materials alleged USA Rare Earth stole technology developed by MP for its permanent magnets, which go into everything from phones to electric vehicles and fighter jets.
“USA Rare Earth has repeatedly failed to meet its commercial and performance targets and is now resorting to stealing technology to dig itself out,” MP said in the complaint, which was filed in Texas last week.
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