4 ms·
Most other rare earth mines closed up because they couldn't compete with China's price (which was rumored to be HEAVILY subsidized to corner the market) if you
by briffle 7y ago
Most other rare earth mines closed up because they couldn't compete with China's price (which was rumored to be HEAVILY subsidized to corner the market) if you increase the price of rare earth minerals 1000%, you will quickly see many of those mines re-activate, as they are now profitable to run.
For example: https://en.wikipedia.org/wiki/Mountain_Pass_rare_earth_mine https://en.wikipedia.org/wiki/Mountain_Pass_rare_earth_mine