#2 2019-08-25 12:14:08
Maybe smart. As a trade war driven artificially propped up competitive market that may just be another "smart play for China" What happens to us when the war is over?
My understanding is that China already owns much of these mines. Just how much of MP Materials is owned by China, either through Shenghe Resources Holding Co. or other entities?
If in fact they handled all processing within China, will they now will profit directly in the short term off any domestic processing restart. They seem to be set to make money coming and going in rare earth metals whatever way this trade war goes.
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#3 2019-08-25 13:01:09
MP Materials owns and operates Mountain Pass, the only Rare Earth mining and processing site in North America
Rare Earths power the modern economy. They are essential components in a wide range of industrial, clean energy and information technology applications.
Mountain Pass’ bastnaesite ore is one of the world’s highest quality Rare Earth deposits. The mine started production in 1952, and, from the 1960s through the mid-1980s, it was the dominant source of Rare Earth minerals in the world. More recently, Chinese Rare Earth production has grown to account for 85% of the global supply, and Rare Earths mining and processing stopped in the United States.
Affiliates of two U.S. investment fund advisors, JHL Capital Group LLC and QVT Financial LP, acquired Mountain Pass in July of 2017 with the goal of reviving America’s Rare Earth industry. Leshan Shenghe Rare Earth Co. Ltd., a Rare Earth company in China, holds a non-voting minority interest in the company.
MP Materials is re-emerging as a best-in-class, globally competitive Rare Earths producer. We aim to be a reliable and trusted partner in America’s next generation manufacturing supply chain.
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