Re. uranium at Mountain Pass: "Mountain Pass, CaliforniaThe Mountain Pass deposit was discovered by a uranium prospector in 1949. It dominated worldwide REE production from the 1960s to the 1990s, and was recommissioned to again be a major producer from 2014. Molycorp Inc spent $781 million on modernising and expanding its plant, which reached 19,000 t/yr capacity in 2012 – slightly more than US demand – and 20,000 t/yr in 2014. However, by June 2015 Molycorp had accumulated debt of $1.7 billion and filed for bankruptcy. When China restricted its exports in 2010 Molycorp had a market value of $6 billion. Remaining resources in carbonatite are about 1.6 million tonnes REE averaging 8.24%, with 5% cut-off. It produced both heavy and light rare earth concentrates. The company made no mention of uranium as byproduct, but thorium is present in monazite.Molycorp was restructured in 2016 as Neo Performance Materials. In 2017 the mine was sold for $20.5 million to a consortium – MP Mine Operations – backed by China’s Leshan Shenghe Rare Earth Co, with 10% equity and with JHL Capital Group holding 65%. It is operated by MP Materials and ships semi-processed output for refining in China."
Also kinda interesting:
https://www.epa.gov/hwcorrectiveactionsites/hazardous-waste-cleanup-chevron-molycorp-washington-remediation-project
https://investorintel.com/sectors/technology-metals/technology-metals-intel/lifton-on-why-molycorp-failed/
I see MP Materials as a Lynas competitor in a relatively short time..
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The Non-Chinese Global REE Derby, page-10
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MP is a wild card no idea if it will work or not but It should be watched carefully. My guess is earliest impact on Lynas 3~4 years away but who knows. I surly don't Other unknown is how fast the REO market will grow It has disappointed continuously for many years. I think 2 or 3 years ago Adamus said NDPr would be USD 100 in 2020. High REO prices have been 2 or 3 years away for many years. When they come lots of room for MP and Lynas. question is when do they come? If MP comes up faster than I think and Demand is still low unlikely I will touch MP. and it may keep me away from Lynas both depend on what the balance sheets, cash sheet and P&L look like. COP will be critical.
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