No. of Recommendations: 2
And we are usually late to the gate on national security items needed in a secure supply line. We can also be bamboozled. Mollycorp touted itself as a domestic source for rare earths, built a processing plat with gov help, and it has to send its ore to China to get processed as the plant doesn't work for some reason. Now the gov has teamed up with an Aussie Co called Lynas (working with a US co in Texas) and are gearing up to process ore. Lynas has the expertise necessary to process rare earths economically - which is key. Btw, Lynas was headed for bankruptcy when the new CEO, Amanda Lacaze turned it around. We can't produce everything domestically, but we need secure supply lines as this isn't a friendly world.
