Chinese bidder snaps up only commercial rare earths mine in US

Published: Friday, 16 June 2017

A Chinese consortium including rare earth producer Shenghe Resources puts in the winning bid at Mountain Pass auction, but the deal will now face regulatory scrutiny.

Chinese-led consortium MP Mine Operations (MPMO) put in the winning bid for the only commercial rare earths mine in the US, but the deal will now have to face scrutiny from regulators, as political opposition to the overseas ownership of rare earth assets grows.

Mountain Pass, a rare earth mine...

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