Shenghe Resources distributes the concentrate produced at Mountain Pass to refiners in Asia, “capabilities that simply do not exist at scale in the West,” according to an MP Materials spokesman.The company plans to reinvest the free cash flow generated from operations into expanding MP’s U.S. capabilities, including a restoration of domestic refining capability at Mountain Pass by next year. Ultimately, the company, which went public last year through a SPAC merger, plans to “restore the full rare earth supply chain” to the U.S., the spokesman said, including refining and separation, and magnet-making by 2025, as the domestic electric vehicle market ramps up production.“This is happening and I think it’s happening much much faster than I think anybody had anticipated,” said Ryan Corbett, the company’s chief financial officer. “We can compete and we’re going to continue to do it.” QUOTE
This may not be out of the question time will tell IMO.
https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html
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Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $126.0M |
Open | High | Low | Value | Volume |
27.0¢ | 27.0¢ | 25.5¢ | $44.90K | 172.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 18582 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 53456 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14190 | 0.255 |
4 | 170888 | 0.250 |
3 | 46000 | 0.245 |
4 | 33100 | 0.240 |
7 | 87329 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 53456 | 4 |
0.275 | 172638 | 3 |
0.280 | 76786 | 6 |
0.285 | 167723 | 5 |
0.290 | 94967 | 4 |
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