posted on Dec, 15 2010 @ 03:12 PM
Google is your friend. But being a long time miner helps
"control 97% of rare earth minerals" BS
right now they MINE 97% of the rare earth minerals but the US and Canada has plenty still in the ground.
For years china has undercut the price of rare earth minerals to the point the mine in the US closed.
China has no environmental rules and regulations so they could mine the rare earth minerals for less then it cost to do the environmental rules and
regulations paperwork to be able to mine in the US.
This was Mountain Pass mine in Calif.
There are at least two other rare earth mines in preliminary development to open in the next few years one in Canada and one in Alaska.
Plus there are now companies looking at recycling rare earth materials