Cliffs to Pursue Rare Earth Elements in Michigan, Minnesota

Cleveland-Cliffs to search for rare earths in Minnesota, Michigan

An iron mining and steel production company said it is eyeing the potential for mining rare earth elements in northern Minnesota. In a call with investors Monday morning, Cleveland-Cliffs CEO Lourenco Goncalves said his company had identified two sites — one in Minnesota and the other in Michigan’s Upper Peninsula — already controlled by the […]

Cliffs to pursue rare earth elements in Michigan, Minnesota

CLEVELAND — A taconite mining and steel-producing company said it is eyeing the potential for mining rare earth elements in Minnesota. In a call with investors Monday morning, Cleveland-Cliffs CEO Lourenco Goncalves said his company had identified two sites — one in Minnesota and the other in Michigan’s Upper Peninsula — already controlled by the company “where geological surveys show evidence of rare earth mineralization.” “We continue to asses…

Cliffs to pursue rare earth elements in Michigan, Minnesota

The taconite mining and steelmaking company said there are signs of rare earth mineralization at two sites it controls.

Cliffs to pursue rare earth elements in Michigan, Minnesota

The taconite mining and steelmaking company said there are signs of rare earth mineralization at two sites it controls.

Cleveland-Cliffs Stock Jumps as It Eyes Rare Earths Production - The Thinking Conservative News

Cleveland-Cliffs’ $400M Defense Logistics Agency deal and rare earth mining prospects boosted its stock to yearly highs on Oct. 20. The post Cleveland-Cliffs Stock Jumps as It Eyes Rare Earths Production appeared first on The Thinking Conservative News.

Cleveland-Cliffs Stock Jumps as It Eyes Rare Earths Production

Cleveland-Cliffs’ $400 million contract to provide the Defense Logistics Agency with steel for electrical transformers and generators over the next five years, along with the potential to advance mining operations for rare earth minerals at sites in Michigan and Minnesota, helped propel the steel and iron ore producer’s stock to yearly highs on Oct. 20. Cleveland-Cliffs’ stock jumped nearly 20 percent in early day trading to just under $16 a sha…