A Lose-Lose Situation: The State of America’s Rare Earth Market
The Mountain Pass Rare Earth Mine & Processing Facility is the only active and scaled rare earth mining and processing facility in the United States. Owned by MP Materials, the facility recently secured an unprecedented deal with the US Department of War to ramp up domestic production of rare earth elements. Rare earth elements refer to a group of seventeen metals that contribute to the defining technologies of the 21st century. From electric vehicles to fighter jets, rare earth elements...