Limiting Rare Earths Promote Substitution and Alternative Supplies » Mountain Pass CA, Molycorp Minerals Mine

Mountain Pass CA, Molycorp Minerals Mine

If you have driven between Las Vegas and Los Angeles, you have driven pass this site. The mine closed a few years ago due mainly to competition with Chinese mining companies.

This area has rare earth minerals. In the recent past we have been getting around 97% of these from China. Some are needed by our defense industries. Molycorp would like to re-open the mine and have registered with the Securities and Exchange Commission for an initial public offering to help raise nearly $500 million needed to re-open and expand the mine.

Here is the article from the NY Times.

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