News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Trump controlling only rare earth mine in US ‘unrealistic,’ MP Materials co-chairman says

The date of: 2019-06-13
viewed: 1

Source:Fox Business

An official with MP Materials, the only rare earth mining and processing site in North America, told FOX Business he doesn’t foresee the Trump administration Opens a New Window.  taking control of the mine.

“I really don’t think it’s a realistic consideration because by the time that happens, we are already profitable, we’re producing,” MP Materials co-chairman James Litinsky said during an exclusive interview on 'Countdown to the Closing Bell Opens a New Window. .' “Why would they just sign a contract like they do with Lockheed Martin or Boeing or anybody?”

In 2017, President Trump Opens a New Window.  was presented with idea of nationalizing the Mountain Pass, California, rare earth company by the head of an advanced-materials manufacturer.

Litinsky said MP Materials is responsible for 200 American manufacturing jobs whose workers ensure that the mining facility remains the lowest-cost producer in the world.

“The job we signed up to do was to return the rare earth industry to the United States of America. That’s the job I undertook with the team out there,” he said. “We are getting this job for America.”

Litinsky added he is appreciative that the Trump administration considers MP Materials a national asset.

“There are a lot of great national assets that have partial ownership by people in the market place whether public or private that some of us might not like,” he said. “But that’s just not American industry.”


Hot News / Related to recommend
  • 2019 - 09 - 20
    Click on the number of times: 0
    source:Yahoo NewsWASHINGTON, Sept 19 (Reuters) - U.S. President Donald Trump and Australian Prime Minister Scott Morrison are set to release a plan on Friday aimed at securing the supply of rare earth...
  • 2019 - 09 - 19
    Click on the number of times: 0
    source:SocioHeraldNeodymium (atomic symbol: Nd) is a rare earth element; however, contrary to the group’s name, neodymium is the third most abundant metal in the Earth’s crust, having an abundance of ...
  • 2019 - 09 - 18
    Click on the number of times: 0
    source:SMM - Shanghai Metals Market (press release)SHANGHAI, Sep 17 (SMM) – China Southern Rare Earth Group, one of the six, state-owned rare earth mining groups in China, this week did not change its...
  • 2019 - 09 - 17
    Click on the number of times: 0
    source:Proactive Investors UKThe Ditau project has turned up 10 magnetic ring structures and extensive areas of fenitization, both of which are prospective for the carbonatites that can host rare eart...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.05017621
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务