Renewable energy, information technology, and many other industries are in a political and economic bind—they require the obscure periodic table denizens called rare earth metals, and nearly all the world's supply of those elements comes from China. But now, for the first time in years, rare earth elements will be mined at an American site. The mining company Molycorp says it has the permits in hand to reopen a mine in Mountain Pass, California, that could soon meet much of the U.S. demand for these elements.
The materials that come out of Mountain Pass will be used to make high-strength magnets necessary for electric vehicle engines, wind turbines, and a variety of other high-tech products. However, the U.S. possesses neither the technology nor the licensing to manufacture the neodymium-iron-boron alloy necessary for their production. As such, Molycorp has partnered with Japanese firm Hitachi Metals to manufacture the magnets in the ...
