U.S. To Increase Oil Production and Begin Mining Rare Earth Minerals

Oilprice.com reported that the United States will re-enter the rare earth mining sector and begin domestic production.

As quoted in the market news:

This week saw Molycorp, Inc., the Western hemisphere’s only producer of rare earth oxides and the leading producer of rare earth oxides outside of China, announce plans to accelerate by approximately three months the initial start-up of its new state-of-the-art rare earth processing facility under construction.

Click here to read the full Oilprice.com report.