While Shenghe Resources Holding Co is a 9.9% holder of MP Minerals stock, they also had access to production components necessary to tool up that MP had been unable to source.
Reuters AKA Rothschild had access to much detail info but “forgot” to include it in their release.
Mine workers from Searchlight, NV are real happy to be digging CA dirt again. Locals there don’t call it rare earth, they call it precious earth, I always thought that seemed odd.
Which components can Shenghe get that MP can’t? The flotation plant is still there and the hydrometallutgy processes were developed in the U.S. decades ago.
https://mpmaterials.com/about/ the hedge funds etc are there solely to make deals and money. Patriotism is not in their dna.