Rare Earths

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California rare earths miner races to refine amid U.S.-China trade row

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Encourage science. Investor relations. The company plans to boost its headcount by next year to about , up from about , and is already producing 68 percent more rare earth concentrate than under Molycorp.

American Elements CEO on how trade tensions are impacting rare earth metals

But that concentrate - more than 50, tonnes per year - is today shipped to China for processing. After processing, rare earths need to be turned into rare earth magnets, found in precision-guided missiles, smart bombs and military jets. But China controls the rare earths magnet industry, too.

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Litinsky and peers are betting that by bringing rare earths refining back to the United States, it will encourage other investors to build magnets and other related parts in the country as well. The mine originally opened in and has gone through a series of owners, including Chevron Corp CVX. N , before Molycorp went bankrupt. MP Materials also plans to re-open the Mountain Pass chlor-alkali facility, which was built by Molycorp, Litinsky said.

Don’t Panic about Rare Earth Elements

The facility will recycle wastewater and produce hydrochloric acid and caustic soda to use in the rare earths separation process, saving the facility the added cost of buying the chemicals on the open market. Once the refining equipment does switch online, the goal is to use that material on site to make more than 5, tonnes per year of neodymium and praseodymium NdPr , two of the 17 types of rare earths that are used to make magnets.

AX , the largest rare earths miner and processor outside of China. SS holding a 9.

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