MP Materials profit beats expectations on rising output, pricing
US-based rare earths miner MP Materials Corp posted a higher-than-expected quarterly profit on Thursday due to rising production and prices for the metals used to make electronics.
In Chile, threats of a government crackdown on over-usage of water often ring hollow. Mines need water, and the country´s copper-driven economy needs mines.
The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.
The Browns Range heavy rare earths pilot plant was officially opened late last month and will make Northern Minerals the only significant dysprosium and terbium heavy rare earth producer outside of China.