MP Materials produces rare earth metal in Texas
MP Materials expects to produce about 1,000 tonnes of finished neodymium-iron-boron (NdFeB) magnets a year.
No word yet from China’s Jinchuan Group as to whether the company is officially in the market for Canada’s Lundin Mining.
Canadian media reports claim a consortium headed by Jinchuan, which includes sovereign wealth fund China Investment Corp., was planning a takeover bid for the Canadian base metals miner.
