Mercedes unveils first Tesla rival in $12B attack

India is already building a rare-earth mineral processing plant in the east coast state of Orissa and will invest $135 million in a new exploration ship and the refurbishing of another vessel to mine minerals under its oceans.

Molycorp Inc. (NYSE:MCP) has announced that its new Project Phoenix heavy rare earth concentrate facilities situated at Mountain Pass in California have […]

The identified area is the second coastal stretch in Odisha, where deposits of rare earth minerals have been found.

Molycorp recovered somewhat on Monday after a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – after an analyst raised doubts about its Mountain Pass mine ramp-up plans.

Downstream companies are playing a wait and see game, hoping to capitalize if rare earth prices decline further.

Analysts from Foster Stockbroking told investors to purge their shares in rare earths miner Lynas Corporation as there is no end in sight for the ongoing problems that have forced the company to halt operations in Malaysia.

China is delivering on its promise to consolidate its mining industry with the formation of a new rare earth mega miner, the new “mega-corporation” will “team up” with rare earth producers in the provinces Shandong, Gansu and Sichuan.

Today's decline brings Molycorp's losses since hitting a high of $77.54 on May 3 2011 to over 80% giving it a market value of $1.1 billion.

Business Insider has the story about Greenland and global warming, which is peeling back thick ice and uncovering vast mineral wealth.