IBTimes reported on why the US need not worry about China’s dominance in the rare earth sector.
As quoted in the market news:
Molycorp, who own the Mountain Pass rare earth mine in California – which once supplied the majority of the world’s rare earth elements – are just one of a growing number of North American mine operators aiming to break the Chinese stranglehold on rare earths.
“Attention investors: China is tightening its grips on the rare earth industry forcing plant closures on illegal mining. Find out how to take advantage of this trend.”
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