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MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,500 tonnes in 2020, or more than 15% of global production. [4] As of late 2020, Shenghe Resources was the sole purchaser of MP Material's rare earth concentrate.
In 1958, it became owned by American Potash and Chemical Company (AMPOT), [11] which at one point had a 'Lindsay Chemical Division.' [4] In 1967, AMPOT, and thus the facility, were bought by Kerr-McGee. The Rare Earths Facility were closed by Kerr-McGee in 1973.
MP Materials CEO James Litinksy joins Yahoo Finance Live to discuss the rare-earth materials company's deal with General Motors (GM) to manufacture magnets needed for EV engines and the supply ...
American Elements began as a toll chemical manufacturer and refiner serving U.S. mining companies by producing metal-based chemicals from their deposits. In 1998, its two largest customers, the Unocal/Molycorp rare-earth mine in Mountain Pass, California, and the Rhodia rare-earth refinery in Freeport, Texas closed, ending domestic U.S. rare-earth production. [2]
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Molycorp Inc. was an American mining corporation headquartered in Greenwood Village, Colorado. [1] The corporation, which was formerly traded on the New York Stock Exchange, [2] owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a ...
Start-up tech firms are racing to transform the way rare earths are refined for the clean energy transition, a push aimed at turbocharging the West's expansion into the niche sector that underpins ...
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