Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday May 12, 2012

Rare-Earth Mining Rises Again in United States

China has pretty much obtained a lock on the mining and production of rare earth minerals for the entire world over the past 20 years. Countries around the world are now beginning to offset China’s hold on the rare elements and the US is doing its part. Molycorp, located in California, will be reopened for production for what used to be one of the biggest rare earth mines in the world.

Rare-earth mining began at Mountain Pass in the early 1950s, and by the mid-1980s the mine supplied 60 percent of global demand and 100 percent of U.S. needs. But as Chinese production increased, operations at Mountain Pass dwindled.