Is There a Rare Earth Permanent Magnet Gold Mine?

Is There a Rare Earth Permanent Magnet Gold Mine?

From a national security perspective, the DoD’s all-in bet on MP Materials is understandable – it wants a secure, end-to-end rare earth magnet supply chain on U.S. soil, free from Chinese control. Indeed, MP Materials currently operates America’s only active rare earth mine (Mountain Pass, California) and is building up processing and magnet manufacturing capabilities. The new “10X” magnet plant planned by MP will add 10,000 metric tons per year…