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Thread: 'Communism' or 'America First' ? RE: Rare Earth Metals.

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    Quote Originally Posted by Old Trapper View Post
    Guess you should have read the article. Try reading this one:

    "Rebuilding a domestic supply chain

    Domestic efforts to extract rare earths are taking place in states including Wyoming, Texas and California, but the recent past provides cautionary tales, such as Molycorp, which reopened the longstanding Mountain Pass mine in California in the early 2000s, only to go bankrupt in 2015.

    MP Materials bought the mine and restarted production in 2017. The Las Vegas-headquartered company is vying to restore the domestic rare earths supply chain from mine to magnet, and is hedging its bets on neodymium-praseodymium, with the hope of becoming the lowest-cost producer.

    In recent years, the Las Vegas-headquartered company received a myriad of grants and contracts from the Department of Defense and Department of Energy to research and improve domestic capabilities. One of the company’s largest customers is Shenghe Resources, a Chinese company responsible for processing, distributing and refining, which also owns a stake in the company. The connection raised some concerns among DOE scientists, according to Reuters, but government funding has continued for a rare earths separation facility.

    Shenghe Resources distributes the concentrate produced at Mountain Pass to refiners in Asia, “capabilities that simply do not exist at scale in the West,” according to an MP Materials spokesman.

    The company plans to reinvest the free cash flow generated from operations into expanding MP’s U.S. capabilities, including a restoration of domestic refining capability at Mountain Pass by next year. Ultimately, the company, which went public last year through a SPAC merger, plans to “restore the full rare earth supply chain” to the U.S., the spokesman said, including refining and separation, and magnet-making by 2025, as the domestic electric vehicle market ramps up production.

    “This is happening and I think it’s happening much much faster than I think anybody had anticipated,” said Ryan Corbett, the company’s chief financial officer. “We can compete and we’re going to continue to do it.”

    https://www.cnbc.com/2021/04/17/the-...th-metals.html
    --->"... company received a myriad of grants and contracts from the Department of Defense and Department of Energy to research and improve domestic capabilities."

    Would this be 'Government Interference' in the eyes of the Righties?

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    Quote Originally Posted by Jack View Post
    --->"... company received a myriad of grants and contracts from the Department of Defense and Department of Energy to research and improve domestic capabilities."

    Would this be 'Government Interference' in the eyes of the Righties?
    Yes.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
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  3. The Following User Says Thank You to Into the Night For This Post:

    Jack (07-30-2021)

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    Quote Originally Posted by Into the Night View Post
    Yes.
    Good. You now recognize 'Government Interference' as a subsidy to American Business.
    Do you call it 'Communism' ... or 'America First'?

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    Quote Originally Posted by dukkha View Post
    SMH
    We are on a path to kowtow to China. what blithering idiots decided to export our lone source? to China?
    Obama sat on his hands and watched it happen. Not that Jack will go near that!

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    Quote Originally Posted by Old Trapper View Post
    Guess you should have read the article. Try reading this one:

    "Rebuilding a domestic supply chain

    Domestic efforts to extract rare earths are taking place in states including Wyoming, Texas and California, but the recent past provides cautionary tales, such as Molycorp, which reopened the longstanding Mountain Pass mine in California in the early 2000s, only to go bankrupt in 2015.

    MP Materials bought the mine and restarted production in 2017. The Las Vegas-headquartered company is vying to restore the domestic rare earths supply chain from mine to magnet, and is hedging its bets on neodymium-praseodymium, with the hope of becoming the lowest-cost producer.

    In recent years, the Las Vegas-headquartered company received a myriad of grants and contracts from the Department of Defense and Department of Energy to research and improve domestic capabilities. One of the company’s largest customers is Shenghe Resources, a Chinese company responsible for processing, distributing and refining, which also owns a stake in the company. The connection raised some concerns among DOE scientists, according to Reuters, but government funding has continued for a rare earths separation facility.

    Shenghe Resources distributes the concentrate produced at Mountain Pass to refiners in Asia, “capabilities that simply do not exist at scale in the West,” according to an MP Materials spokesman.

    The company plans to reinvest the free cash flow generated from operations into expanding MP’s U.S. capabilities, including a restoration of domestic refining capability at Mountain Pass by next year. Ultimately, the company, which went public last year through a SPAC merger, plans to “restore the full rare earth supply chain” to the U.S., the spokesman said, including refining and separation, and magnet-making by 2025, as the domestic electric vehicle market ramps up production.

    “This is happening and I think it’s happening much much faster than I think anybody had anticipated,” said Ryan Corbett, the company’s chief financial officer. “We can compete and we’re going to continue to do it.”

    https://www.cnbc.com/2021/04/17/the-...th-metals.html
    I've read it already thanks all the same and probably before you as well. I know a lot more about this than you, not least because I was an early investor in Molycorp, made a fair bit of money as well.

    I thought Obama would actually do something about it when it went bust but he was too busy shovelling money into white elephant solar projects instead. Yet you boneheads still think the Sun shone out of his rear end. MP Materials is the company that rose from the ashes of Molycorp, let's hope they are not bullshitting like last time.

    Anyway I'm investing in two British companies Pensana and Rainbow that are incredibly promising, especially in the two gold standard rare earths, neodymium and dysprosium.

    https://pensana.co.uk/

    https://rainbowrareearths.com/
    Last edited by cancel2 2022; 07-30-2021 at 08:05 PM.

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    Quote Originally Posted by Jack View Post
    Good. You now recognize 'Government Interference' as a subsidy to American Business.
    Do you call it 'Communism' ... or 'America First'?
    Bigotry. Government interference is not a subsidy to American business. Not all markets are interfered with. Not all business activity are interfered with.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
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    Quote Originally Posted by Into the Night View Post
    Bigotry. Government interference is not a subsidy to American business. Not all markets are interfered with. Not all business activity are interfered with.
    Sure it is. Critical Industries that are being 'out-competed' by State-subsidized Chinese Companies need American Government subsidies. It's 'National Defense' ... 'National Security'.

    Yes, I know. You are being protected by The Shield of Jesus, and so what if you die, you go to Heaven, where you will Live for Eternity.

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    Quote Originally Posted by Jack View Post
    Sure it is. Critical Industries that are being 'out-competed' by State-subsidized Chinese Companies need American Government subsidies. It's 'National Defense' ... 'National Security'.

    Yes, I know. You are being protected by The Shield of Jesus, and so what if you die, you go to Heaven, where you will Live for Eternity.
    Bigotry. Not all business need or want subsidies.
    What does Jesus have to do with any of this??
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
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    Quote Originally Posted by Nordberg View Post
    Rare earths are filthy to mine. We have them in America but it was easier to dig China's up. They did not have environmental standards. https://investingnews.com/daily/reso...erves-country/
    The left in the U.S. has zeroproblem causing environmental disasters, slave wages or basically enslaving peoples, disease, and long/short term crippling health effects on minorities in other countries as long as they can get their shit here cheap. They prove this time and time again.

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    Quote Originally Posted by Sailor View Post
    The left in the U.S. has zeroproblem causing environmental disasters, slave wages or basically enslaving peoples, disease, and long/short term crippling health effects on minorities in other countries as long as they can get their shit here cheap. They prove this time and time again.
    Poopeye, how much crack have you smoked today???????????
    Lock Him Up

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    Quote Originally Posted by Into the Night View Post
    Bigotry. Not all business need or want subsidies.
    What does Jesus have to do with any of this??
    No one is saying that ... except you.

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    Quote Originally Posted by Jack View Post
    No one is saying that ... except you.
    Denial of self argument. Lie. No argument presented.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
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    Quote Originally Posted by Into the Night View Post
    Denial of self argument. Lie. No argument presented.
    ITN: "Bigotry. Not all business need or want subsidies."
    Jack: "No one is saying that ... except you."

    No one is saying Surf Shops, Fast Foods, or a million other businesses need a Subsidy ... like YOU and your "Not all business need or want subsidies".

    No matter how many Boeing airplanes fall out of the sky, the Government will keep buying their Planes along with the cost overruns and the 100 dollar wrenches. You may not see this as a 'subsidy', but that is what it is. Critical Industry needs 'support' if we are to compete with China.

    "But there’s another story about subsidies in this intricate cross-border trade drama – and it is about Boeing. The U.S. aircraft manufacturing giant is among the top recipients of both federal, state and local subsidies in the U.S., according to a tally compiled by Good Jobs First, a Washington-based organization."
    https://globalnews.ca/news/3773916/b...ing-subsidies/

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    Quote Originally Posted by Jack View Post
    ITN: "Bigotry. Not all business need or want subsidies."
    Jack: "No one is saying that ... except you."

    No one is saying Surf Shops, Fast Foods, or a million other businesses need a Subsidy ... like YOU and your "Not all business need or want subsidies".

    No matter how many Boeing airplanes fall out of the sky, the Government will keep buying their Planes along with the cost overruns and the 100 dollar wrenches. You may not see this as a 'subsidy', but that is what it is.
    Nope. A purchase is not a subsidy.
    Quote Originally Posted by Jack View Post
    Critical Industry needs 'support' if we are to compete with China.

    "But there’s another story about subsidies in this intricate cross-border trade drama – and it is about Boeing. The U.S. aircraft manufacturing giant is among the top recipients of both federal, state and local subsidies in the U.S., according to a tally compiled by Good Jobs First, a Washington-based organization."
    https://globalnews.ca/news/3773916/b...ing-subsidies/
    Purchases by a government are not subsidies.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
    "Propaganda can also be factual." --Flash
    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
    "Evs are much safer from fires" -- Nordberg
    "Abortion has killed no one." -- LurchAddams

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    Quote Originally Posted by Into the Night View Post
    Nope. A purchase is not a subsidy.


    Purchases by a government are not subsidies.
    Black is not red.

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