The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Snowshoe who wrote (2462)	5/29/2019 7:31:56 AM
From: elmatador	of 13801

Snowshoe it looks like like the miner was using China to do the heavy lifting 'as tight environmental laws in California made the processing of rare earths – a highly polluting and potentially radioactive process – commercially non-viable" “(MP) high ore grade and quality gives us significant competitive advantage in the ease and cost of processing, but we face different cost pressures from environmental compliance, labour, waste water processing and transport,” Rosenthal said. China profitted from lax mining rules. Tie for MP to catch up, MP Materials says it plans to process rare earth elements in the USA.... scmp.com MP Materials, which runs the sole operating rare earths mine in the United States, is an unusual victim in the year-long tit-for-tat trade war between the two largest economies on the planet, as the conflict looks set to open up a new battlefront over technology. The operator of the Mountain Pass mine in California said it will kick-start its own processing operation by the end of 2020, after China last week more than doubled an import duty on concentrates to 25 per cent effective June 1. MP exports pellets – ground-up ores that contain oxides of rare earth elements – to China for processing into neodymium, cerium and other elements used in magnets, electric vehicles, smartphones and a myriad of industrial applications and electronic products scmp.com

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