MCPIQ - Rare Earth Metals Get The Presidential Treatment
- China controls some 80 percent to 95 percent of the world's rare earth minerals market. President Trump declared this a national emergency.
- MP Materials, a privately funded mining company, bought the Mountain Pass rare earth project in 2017 when Molycorp went bankrupt. It will soon merge with Fortress Value Acquisition.
- Demand for nickel and aluminum is estimated to grow an incredible 14 times between 2019 and 2030. Phosphorus and iron could multiply 13 times, copper and graphite 10 times.
- We may have already crossed a tipping point when it comes to renewable energy, andthe electric vehicle boom is just beginning. Such technologies depend onrare earth metals and minerals.
For further details see:
Rare Earth Metals Get The Presidential Treatment