Bloomberg reports that Molycorp and other Rare Earth companies are lobbying Congress for a piece of the pie legislators are baking in order to revive US production of the minerals.
The editorial is quoted as saying
U.S. officials and lawmakers are calling for development of domestic rare-earth supplies after China’s announcement in July that it would cut its export quotas by more than 70 percent.
“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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