WEB EXCLUSIVE: Mining Company Determined to Restore U.S. Rare Earth Supply Chain (Updated)
11/20/2020
By Stew Magnuson
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.
https://www.nationaldefensemagazine.org/articles/2020/11/20/mining-company-determined-to-restore-us-rare-earth-supply-chain
