Michael Rosenthal
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Michael Rosenthal
COO , MP Materials Corp
$ 29,043,956.90
Michael Rosenthal is a Founder of MP Materials and managed the Mountain Pass operation since the company acquired the site in 2017 . Previously , he was a Partner at QVT Financial , an investment management firm , where he concentrated on investments in the global automotive sector and in China . Prior to QVT , he worked as a senior high yield credit analyst for Shenkman Capital Management .
MP Materials recently entered into a long-term agreement with General Motors to supply US-sourced and manufactured rare earth alloy and magnets to power more than a dozen models using GM ’ s Ultium platform . The facility will produce NdFeB alloy and magnets with the potential to power approximately 500,000 EV motors per year , with a gradual production ramp expected to begin in 2023 .
In Q3 2021 figures , revenue increased 143 % year-over-year , driven by increases in the realised sales prices of rare earth oxide in concentrate as well as metric tons of REO sold . The realised sales price increase of 127 % was due to higher demand for rare earths driving increased market prices .
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