California Rare Earths
January 31, 2011
California rare earths are making a worldwide comeback in 2012.
China mines most of the rare earth minerals that keep our modern world functioning, but the communist nation has now begun to limit global exports.
China's attempt to manipulate the global rare earth minerals market has caused the price of rare earths to skyrocket, so a long-shuttered mine in California is re-opening for business.
The rare earths pit mine in the Southern California desert will begin mining and initially exporting 100,000 tons after a decade of dormancy.
The California property, known as Mountain Pass, was owned by Chevron but was no longer cost effective to compete with China.
Additionally, there were problems with permits and unresolved environmental issues.
Molycorp Minerals purchased the mine in 2008 and the company aims to run a cleaner, less expensive and more profitable operation.
The 17 elements that rare earth minerals comprise are naturally combined in the rocks, so each element needs to be separated from the others.
Rare earths are used in military equipment, from night vision goggles to fighter aircraft to precision-guided munitions. The minerals are valuable in the production of cell phones, hybrid cars, wind turbines and computers as well.
Molycorp will open the Southern California plant next year and projects production of 40,000 tons of rare earth minerals each year from San Bernardino County.
China may initially compete with California in the global market, but the communist country will eventually become a California rare earths customer when its own supply is depleted.
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China mines most of the rare earth minerals that keep our modern world functioning, but the communist nation has now begun to limit global exports.
China's attempt to manipulate the global rare earth minerals market has caused the price of rare earths to skyrocket, so a long-shuttered mine in California is re-opening for business.
The rare earths pit mine in the Southern California desert will begin mining and initially exporting 100,000 tons after a decade of dormancy.
The California property, known as Mountain Pass, was owned by Chevron but was no longer cost effective to compete with China.
Additionally, there were problems with permits and unresolved environmental issues.
Molycorp Minerals purchased the mine in 2008 and the company aims to run a cleaner, less expensive and more profitable operation.
The 17 elements that rare earth minerals comprise are naturally combined in the rocks, so each element needs to be separated from the others.
Rare earths are used in military equipment, from night vision goggles to fighter aircraft to precision-guided munitions. The minerals are valuable in the production of cell phones, hybrid cars, wind turbines and computers as well.
Molycorp will open the Southern California plant next year and projects production of 40,000 tons of rare earth minerals each year from San Bernardino County.
China may initially compete with California in the global market, but the communist country will eventually become a California rare earths customer when its own supply is depleted.














































