Molycorp Inc. just announced that it has secured the final funds necessary for the capital build-out of its estimated $781 million expansion and modernization project at its flagship rare-earth oxides facility at Mountain Pass, California. The first phase of its mining project is expected to be operational by next year. The development is significant…
Report glimpses future of rare earth elements
A research report, Rare Earth Elements Markets Worldwide, presents an in-depth analysis of the production, market, development, applications, and trends for rare earth elements, or REEs. The 17 different rare earth elements are used in a variety of applications to make devices lighter, stronger, more efficient, and easier to use. For example, REE’s are used…