I applaud the approach that the government gets equity and potential payback. For far too long the taxpayer has been pickpocketed by successful lobbyists that fund research and projects but get nothing in return.
Something positive, Doomberg: On Fox News today, in response to criticism by Steve Bannon about selling Nvidia chips to China, Kevin Hassett stated what you have been saying all along about sanctions, paraphrasing: "if we don't sell them the chips, they will develop the capability to build them on their own".
Yes Yes and Yes again. Everyone thinks Trump is nuts about his “Rare Earths.” And Doomberg and many of his highly intelligent followers already knew this- for years. Thank you Doomberg and company for always setting the record straight. Let’s kick China’s butt.
While MP Materials is looking to process Rare Earths in general (something that's of significant importance and that the U.S. desperately needs given China's current dominance of about 87% of global Rare Earth processing), the Mountain Pass mine itself produces mainly Light Rare Earth Elements (LREE).
The WSJ describes the recent US Government investment in the MP Materials processing facility: 2025-07-15 WSJ: America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance.
However buried in the 4th to last paragraph of the WSJ reporting: …”But challenges remain. As MP scales up magnet production, it will need to acquire more heavy rare earths than are available at its California mine, which is no easy feat because there are few producers of those outside of China…”
It is the Heavy Rare Earth Elements (HREE) that are even more valuable due to their importance for the defense industry.
The largest Rare Earth ore body in the world, in Greenland, with the Exploitation rights held by Tanbreez Mining Greenland A/S ( https://www.mining.com/featured-article/ranked-worlds-top-10-rare-earth-projects/ ). The Tanbreez ore body (of which over 25% are HREE) is orders of magnitude, at 4.7 Billion Tons, greater than any others globally. In mid 2024, Critical Metals Corp (Nasdaq: CRML https://www.criticalmetalscorp.com ), a junior miner, entered into a transaction with Tanbreez.
While the U.S. may not end up acquiring Greenland, accelerating the Tanbreez Ore Body development is critical for the U.S. and Europe.... NATO defense material needs. The ore body is located in the southwestern tip of Greenland, adjacent to a deep fjord, which rarely experiences artic freezing. This location between Europe & the US facilitates the transportation of the HREE to both, offering Greenland multiple benefits in production and offloading to processors.
Investing in the processing facility that MP Materials will build is important.... having the HREE to process at this facility is even more important... MP Materials will need more HREE or face significant sourcing challenges. The Tanbreez ore body has these HREE materials whereas the Mountain Pass mine (LREE) does not.
Accelerating the startup of production from the Tanbreez ore body would also bring prosperity to Greenland and potentially bring it closer to the U.S., fulfilling some of the geopolitical goals of the Trump administration.
The U.S. government has taken the first step to independence from China's Rare Earth dominance - a processing facility. Achieving enough HREE supply and a stated strategic geographic goal would be a home run!
"...Whatever one’s views of President Trump or his administration, it is undeniable that he and many of his top lieutenants bring significant business experience ..."
Thanks for the econ-analysis about how it's not another govt-funded boondoggle for a leviathan incumbent in an unprofitable field; hopefully a sign of more auspicious deals to come! Sooner or later, we need to have more bipartisan discussion of how we must onshore critical manufacturing and mining if China's sole economic strategy is conquest. Whether or not Trump chose to start a trade war, we're just getting a taste of what could happen in the event of a military conflict.
I am very pleased that business as usual (which was failing) is over and a more conscious of the risks approach is on the table. This was a good first move. Thanks for pointing it out.
A similar deal is Perpetua Resources building an open pit gold mine with Pentagon financing. The mine will also produce antimony which is key ingredient in things that go boom. Currently 80% of antimony comes from China. Permitting being fast tracked now. The stibnite mine is the 5th best unbuilt gold prospect in the world. Symbol PPTA. 😎
What else would be considered essential for re-industrializing the US? Silicon/SiC? Looks like we're seeing more of these "government golden share" deals.
I applaud the approach that the government gets equity and potential payback. For far too long the taxpayer has been pickpocketed by successful lobbyists that fund research and projects but get nothing in return.
Something positive, Doomberg: On Fox News today, in response to criticism by Steve Bannon about selling Nvidia chips to China, Kevin Hassett stated what you have been saying all along about sanctions, paraphrasing: "if we don't sell them the chips, they will develop the capability to build them on their own".
Hopefully China poked the Eagle a little too soon.
Yes Yes and Yes again. Everyone thinks Trump is nuts about his “Rare Earths.” And Doomberg and many of his highly intelligent followers already knew this- for years. Thank you Doomberg and company for always setting the record straight. Let’s kick China’s butt.
While MP Materials is looking to process Rare Earths in general (something that's of significant importance and that the U.S. desperately needs given China's current dominance of about 87% of global Rare Earth processing), the Mountain Pass mine itself produces mainly Light Rare Earth Elements (LREE).
The WSJ describes the recent US Government investment in the MP Materials processing facility: 2025-07-15 WSJ: America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance.
https://www.wsj.com/business/us-rare-earth-producer-texas-58796240?mod=Searchresults_pos8&page=1
However buried in the 4th to last paragraph of the WSJ reporting: …”But challenges remain. As MP scales up magnet production, it will need to acquire more heavy rare earths than are available at its California mine, which is no easy feat because there are few producers of those outside of China…”
It is the Heavy Rare Earth Elements (HREE) that are even more valuable due to their importance for the defense industry.
The largest Rare Earth ore body in the world, in Greenland, with the Exploitation rights held by Tanbreez Mining Greenland A/S ( https://www.mining.com/featured-article/ranked-worlds-top-10-rare-earth-projects/ ). The Tanbreez ore body (of which over 25% are HREE) is orders of magnitude, at 4.7 Billion Tons, greater than any others globally. In mid 2024, Critical Metals Corp (Nasdaq: CRML https://www.criticalmetalscorp.com ), a junior miner, entered into a transaction with Tanbreez.
While the U.S. may not end up acquiring Greenland, accelerating the Tanbreez Ore Body development is critical for the U.S. and Europe.... NATO defense material needs. The ore body is located in the southwestern tip of Greenland, adjacent to a deep fjord, which rarely experiences artic freezing. This location between Europe & the US facilitates the transportation of the HREE to both, offering Greenland multiple benefits in production and offloading to processors.
Investing in the processing facility that MP Materials will build is important.... having the HREE to process at this facility is even more important... MP Materials will need more HREE or face significant sourcing challenges. The Tanbreez ore body has these HREE materials whereas the Mountain Pass mine (LREE) does not.
Accelerating the startup of production from the Tanbreez ore body would also bring prosperity to Greenland and potentially bring it closer to the U.S., fulfilling some of the geopolitical goals of the Trump administration.
The U.S. government has taken the first step to independence from China's Rare Earth dominance - a processing facility. Achieving enough HREE supply and a stated strategic geographic goal would be a home run!
Wow! In only eight days, this has become Doomberg's most popular article! This is a very important article. Thank you, Doomie!
“Americans can always be trusted to do the right thing, once all other possibilities have been exhausted.” - Churchill, attributed but apochryphal
"...Whatever one’s views of President Trump or his administration, it is undeniable that he and many of his top lieutenants bring significant business experience ..."
We hold these truths to be self-evident.
What would be the estimated time to get the plant up and running to its max potential given this new backing?
More lawyer malfeasance
But this time it’s a Manhattan lawyer so guess not southern district of New York
https://www.businessinsider.com/aetna-mistakenly-revealed-luigi-mangione-medical-records-defense-2025-7
Will the lawyer be disbarred?
Dream on
As usual Doomberg has unearthed the valuable truth.
Should gov be in the business of business. Seems rather like communism. Gov owned entities. The start of anyway. Soon a run away train ?
Our government is already up to its eyeballs in American business.
Thanks for the econ-analysis about how it's not another govt-funded boondoggle for a leviathan incumbent in an unprofitable field; hopefully a sign of more auspicious deals to come! Sooner or later, we need to have more bipartisan discussion of how we must onshore critical manufacturing and mining if China's sole economic strategy is conquest. Whether or not Trump chose to start a trade war, we're just getting a taste of what could happen in the event of a military conflict.
I am very pleased that business as usual (which was failing) is over and a more conscious of the risks approach is on the table. This was a good first move. Thanks for pointing it out.
A similar deal is Perpetua Resources building an open pit gold mine with Pentagon financing. The mine will also produce antimony which is key ingredient in things that go boom. Currently 80% of antimony comes from China. Permitting being fast tracked now. The stibnite mine is the 5th best unbuilt gold prospect in the world. Symbol PPTA. 😎
What else would be considered essential for re-industrializing the US? Silicon/SiC? Looks like we're seeing more of these "government golden share" deals.