51�Թ�

The profits flow to distant shareholders, while the environmental and health costs remain with local communities who lose their mountains, their clean water and often their health to benefit a commons of cheap electricity.

Until now Shenghe Resources, a company partly owned by the Chinese government, has been one of MP Materials' largest shareholders.

“Tesla shareholders are exhausted,” Ives said in an interview Monday.

On Wednesday at the company’s 2025 annual shareholder meeting, Paramount CEO George Cheeks offered a weak defense of the payout.

The company wanted to finalize the settlement before Wednesday, when Paramount held its annual shareholder meeting and three new members joined the board.