US gobbles up rare earth miner

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AMERICAS

US Department of Defense takes 15% share in domestic magnet mine

MP Materials' Mountain Pass Mine in 2022

MP Materials’ Mountain Pass Mine in 2022 | Credits: MP Materials

The US Department of Defense (DoD) has become the largest shareholder in MP Materials, owner of Mountain Pass, the “world’s second-largest rare earth mine”, in a deal that will see a new magnet factory…

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