This media story describes CMI Affiliate MP Materials.
In arid southeastern California, just across the border from Nevada, sits the only large-scale rare earth element mine in the Western Hemisphere. Here at Mountain Pass, rocks are dug out of a 1,300-foot pit in the ground, crushed, and liquified into a concentrated soup of metals that are essential for the magnets inside consumer electronics, wind turbines, and electric vehicles, or EVs. Today, that metallic soup is shipped to China, where individual rare earths are separated before being refined into metals and forged into magnets. But MP Materials, the company that took ownership of the 70 year-old Mountain Pass mine in 2017, hopes to change that. This quarter, MP Materials plans to begin separating rare earths at Mountain Pass — the first time this key processing step will have occurred in the United States since 2015.
MP Materials says that the new U.S.-based rare earth supply chain it is building will be greener than its counterparts in Asia, where the mining and processing of rare earths have created nightmarish pollution problems. Some of its domestically processed rare earths will be used to make alloys and magnets for EVs, and others could help renewables developers build the wind turbines the U.S. desperately needs to decarbonize its power sector.
Link to the full story: A once-shuttered California mine is trying to transform the rare earth industry