Column: Trump 2.0 won’t reverse Biden’s critical minerals push
Donald Trump has described the Inflation Reduction Act (IRA) as a "green scam" and vowed to repeal it after he returns to the White House in January.
The western hemisphere’s sole rare earth oxides producer, Colorado-based Molycorp, announced Thursday it has now fully funded its US$781 million expansion and modernization project at its flagship Mountain Pass rare earth facility in California.
“Full funding of the capital plan of Project Phoenix is a major milestone in Molycorp’s overall rare earth ‘mine-to-magnets’ business plan,” the company said in a news release.
