our rare earth mines have been shut down by the EPA for a while making it so China has a monopoly on that industry. So it makes sense on why its all over there.
MP Materials, which operates the largest rare earth element mines in the Western Hemisphere, had a big week.
It was one of three companies on Nov. 17 to receive Defense Department grants intended to return rare earth production to the United States. The following day it was listed on the New York Stock Exchange.
The Pentagon awarded a Defense Production Act Title III grant worth $9.6 million to MP Materials so it can begin to refine the strategic minerals at its Mountain Pass, California, mine.
“This grant from the DoD is outstanding. It's humbling. And we're very proud of the fact that DoD is supporting us,” James Litinsky, the company's CEO, told National Defense in an interview.
The Mountain Pass mine is the largest producer of rare earth elements in the Western Hemisphere and constitutes 15 percent of the world’s production of the minerals, which are essential to manufacture high performance magnets. China currently has a near monopoly on refining the elements and producing the magnets, which are used in a variety of weapon systems as well as commercial goods such as wind turbines and electric vehicles.
On Sept. 30, President Donald Trump signed Executive Order 13817, which — among other items — seeks to return rare earth production to the United States and break China’s dominance over the supply chain.
our rare earth mines have been shut down by the EPA for a while making it so China has a monopoly on that industry. So it makes sense on why its all over there.
Sen Skeletor (feinstein) husband happens to ship a large part of those into the US
Disclaimer: something ive seen mentioned on here. I dont have a source.
Yeah and if the Supreme Court buttfucks us in the coming month, we will be locked down harder and right back to funding those commies expansion.
Not gonna happen. Have faith, friend.
GEOTUS is changing that too.
https://www.nationaldefensemagazine.org/articles/2020/11/20/mining-company-determined-to-restore-us-rare-earth-supply-chain
MP Materials, which operates the largest rare earth element mines in the Western Hemisphere, had a big week.
It was one of three companies on Nov. 17 to receive Defense Department grants intended to return rare earth production to the United States. The following day it was listed on the New York Stock Exchange.
The Pentagon awarded a Defense Production Act Title III grant worth $9.6 million to MP Materials so it can begin to refine the strategic minerals at its Mountain Pass, California, mine.
“This grant from the DoD is outstanding. It's humbling. And we're very proud of the fact that DoD is supporting us,” James Litinsky, the company's CEO, told National Defense in an interview.
The Mountain Pass mine is the largest producer of rare earth elements in the Western Hemisphere and constitutes 15 percent of the world’s production of the minerals, which are essential to manufacture high performance magnets. China currently has a near monopoly on refining the elements and producing the magnets, which are used in a variety of weapon systems as well as commercial goods such as wind turbines and electric vehicles.
On Sept. 30, President Donald Trump signed Executive Order 13817, which — among other items — seeks to return rare earth production to the United States and break China’s dominance over the supply chain.
Mine Pebble homie.