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Politics : Rat's Nest - Chronicles of Collapse

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To: Ron who wrote (20740)	5/24/2019 12:47:13 PM
From: Wharf Rat	Read Replies (1) of 24225

Some day, we may even be able to process the ore. None of that will help green industries next week. = Lynas to build rare earths processing plant in the US \| Financial Times ft.com 5 days ago - The plant would be the only large-scale producer of separated medium and heavy rare earth products in the world outside of China, it said = It appears that Mountain Pass is owned by China. PUBLISHED ON 09/06/2017 Now a Chinese-led coalition threatens to further tighten control of the rare earths trade with the purchase of the only operational REE mine in America. The Mountain Pass Mine in the California desert south of Las Vegas was a powerhouse producer of REEs from 1965 to 1985, at which point China took over global production and never looked back. Mountain Pass was shuttered from 2002 to 2012 because it couldn’t compete with the low prices coming out of China. After a brief revival from 2012 to 2015, Mountain Pass closed for good in 2016 and its owner, Molycorp, filed for bankruptcy. This past June, an investor group with alleged ties to the Chinese government bought the mine for $20.5 million, beating out American bidders including entrepreneur Tom Clarke of ERP Strategic Minerals. seeker.com

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