RE: Newsflow18 Jun 2024 19:22
Texas, now how significant is this location???
MP Materials & Lynas are 2 big players in this space ( rare earths) and could merge one day.
It cannot be a coincidence, that MKA aka HyProMag USA LLC as selected this area. Was it somebody else ( recycling partners)??
News from last year:
Lynas has had its US government funding more than doubled as the Biden administration accelerates its mission to secure supplies of rare earths.
The Defence Department will now contribute $US258 million ($384 million) toward construction of Lynas’ heavy rare earths refinery in Texas, up from the initial pledge of $US120 million in June 2022.