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GM demand for magnet components re-opens a rare-earth mine in California
This is big.
This is big.
This is located between Los Angeles and Las Vegas on I-15 and near the southern entrance to Death Valley. I've been through there a few times so I just now looked on Google Maps. Looking at 'Molycorp Mountain Pass' (the prior operator) then its Google reviews, there's a part of the story not shown in today's news articles: the previous operator went bankrupt when ordered to clean up all the hazardous waste he generated. And nobody lives there because of residual radiation, it's safer to commute in. See the Review in the map's left column posted by Jack O'Connor. Excerpt:Although development of permanent magnets originated in the US, the country has virtually no capacity to produce sintered NdFeB magnets.
MP owns and operates the Mountain Pass mine, the only rare earth mining and processing site of scale in North America. The company is the largest producer of rare earth materials in the Western Hemisphere, producing approximately 15% of the rare earth content consumed in the global market in 2020.
MP’s initial magnetics facility, using material sourced from its California mine, will have the capacity to produce approximately 1,000 tonnes of finished NdFeB magnets per year, with the potential to power approximately 500,000 EV motors annually.
Looks like this is the first step in getting away from China's monopoly.They are/were a Rare-Earth-Mining LLC sitting on one of the largest and most abundant rare earth deposits in the world, rivaled mainly by only China. The Bastnasite ore they mine contains a group of elements called Lanthanides i.e. lanthanum, neodymium, praseodymium, europium, cerium, and several more that are CRITICAL in today's high-tech- lifestyle involving; smart phones, super-magnets, water purification, and defense contracts just to name a few. They used to be the world's main supplier of rare- earth elements.