No. of Recommendations: 2
DOPE Would we rather:
1. Buy rare Earth materials from China, or
2. Source them someplace more benign?
I'd like Door #2.
We are already building a rare earth refinery down in Texas. A US firm has partnered with an Australian firm that has the IP necessary to operate the plant - supported by the US. The US made a mistake in investing in Mountain Pass because it isn't great ore and they don't have the IP. So Mountain Pass ships its ore to China to be processed.
Help both Greenland and Canada get to the mining, processing, and production stage. Lynas has the IP, so team up with them to cut out a couple of years.
So the answer the US went with Mountain Pass to shore up the vulnerability and it was a bomb. Lynas is the Real McCoy because they have good deposits with the right 401k liberals with the right culture. ;P
