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Keyword: mpmaterials

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  • Biden Touts Chinese-Backed Company at Made in America Event. Pentagon gives $35 million to subsidize MP Materials's rare earth mineral production

    02/23/2022 8:19:25 AM PST · by Red Badger · 8 replies
    https://freebeacon.com ^ | • February 23, 2022 5:00 am | Chuck Ross
    The White House on Tuesday featured a mining company partially owned by a Chinese mining conglomerate at an event dedicated to strengthening the domestic supply chain. President Joe Biden announced at the event that the Pentagon would award $35 million to the Las Vegas-based MP Materials in an effort to boost U.S. rare mineral production. But MP Materials has arguably allowed China to tighten its grip on the world’s rare earth minerals supply chain. Shenghe Resources Holding, which is partially owned by the Chinese government, owns 8 percent of the company. Shenge spearheaded the deal in 2017 to help MP...
  • Caught between Trump and its biggest market, America’s sole rare earths mine is an unusual victim

    05/27/2019 4:47:29 PM PDT · by Zhang Fei · 35 replies
    South China Morning Post ^ | Updated: 9:03am, 27 May, 2019 | Eric Ng
    MP Materials, which runs the sole operating rare earths mine in the United States, is an unusual victim in the year-long tit-for-tat trade war between the two largest economies on the planet, as the conflict looks set to open up a new battlefront over technology. The operator of the Mountain Pass mine in California said it will kick-start its own processing operation by the end of 2020, after China last week more than doubled an import duty on concentrates to 25 per cent effective June 1. MP exports pellets – ground-up ores that contain oxides of rare earth elements –...