GREY:NMKEF - Post by User
Post by
CanadaCoinon Mar 01, 2019 10:35am
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Post# 29428511
Mountain Pass Mine??
Mountain Pass Mine??Is there anyone here old enough to remember the highly critical Mountain Pass mine by Molycorp?
If you think lithium is critically important to the world's ecomony, energy and enviroment, you should check out "rare earths"!
If you think China's 50% control of lithium is important, you should check out China's control on 90% of the world's rare earths!
The US Departments of Defense and Engery was playing with fire, for not having a non Chinese supply route of rare earths. EV will not run without rare earths; fighter jets cannot fight without rare earths; cell phones, TV's and light bulbs cannot work without rare earths.
In 2015, the highly critical and multi billion dollar rare earth start up mine [Mountain Pass] did not survive and went bankrupt. The US government never stepped in to save it. Guess who owns the assets now?
Just trying to put everything into proper perspective and reality.