Spotlight on American Rare Earths, page-3708

Both Lynas and MP Materials need a source of heavy rare earths such as terbium and dysprosium to complement their strengths in light rare earths in the form of neodymium and praseodymium.Terbium and dysprosium are considered essential for the permanent magnets used in modern weapon systems.China mines about 60 per cent of the world’s rare earths but processes almost 90 per cent. In heavy rare earths, it is estimated that China carries out 99.9 per cent of separation into high-value materials.Lynas sells heavy rare earths concentrate into China while MP Materials ships most of the rare earths mined at Mountain Pass to China for processing by one of its biggest shareholders, Shenghe Resources.A Republican-led committee is pushing Congress for tax breaks in rare earths processing and in magnet making. QUOTE in AFR February 4th 2024
Our recent scoping study will be viewed by interested parties as the demand for US based rare earth metals becomes critical in the future IMO