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The Mountain Pass Rare Earth Mine and Processing Facility, owned by MP Materials, is an open-pit mine of rare-earth elements on the south flank of the Clark Mountain Range in California, 53 miles (85 km) southwest of Las Vegas, Nevada. In 2020 the mine supplied 15.8% of the world's rare-earth production.
In 2015, Molycorp, the previous owners of the Mountain Pass mine, filed for bankruptcy.At the time, it was the only U.S. producer of rare earth elements. [13] While in bankruptcy, Secure Natural Resources (SNR), a company owned by Molycorp's creditors, including JHL Capital Group, gained control of the mine's mineral rights. [14]
The company’s principal asset was the Mountain Pass rare earth mine, which once supplied the majority of the world's rare earth elements. The mine was previously owned by Unocal. The mine closed in 2002, but reopened in 2010. [15] Because of the competition from China, the mine became unprofitable.
U.S. and Danish officials lobbied the developer of Greenland's largest rare earths deposit last year not to sell its project to Chinese-linked firms, its CEO told Reuters, adding it has been in ...
As US-China relations hit new lows, Washington is redoubling efforts to address a major Achilles' heel: its dependence on Beijing for rare earth elements " essential materials in various hi-tech ...
This week, US Treasury Secretary Janet Yellen said that the United States wants to end its "undue dependence" on rare earths, solar panels and other key goods from China, to prevent Beijing from ...
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The rare-earth elements (REE), also called the rare-earth metals or rare earths, and sometimes the lanthanides or lanthanoids (although scandium and yttrium, which do not belong to this series, are usually included as rare earths), [1] are a set of 17 nearly indistinguishable lustrous silvery-white soft heavy metals. Compounds containing rare ...