...be Just What the Market Needed?
Resource Investing News | Apr. 2, 2012, 7:15 AM
By Adam Currie
Auszug:
According to recent reports, an increased wariness about China’s monopoly on rare earth has reinvigorated financial support for new rare earth mines, including efforts by US entrepreneurs seeking to obtain financing to reopen Molycorp’s (NYSE:MCP) Mountain Pass mine, and attempts in Japan to fund new mining ventures in Australia, Kazakhstan, Mongolia, and Vietnam.
The first signs of legislative debate were seen recently when Lisa Murkowski, the Senator of Alaska, announced that the answer to once again creating an independent market is to increase US development of rare earth mines and refineries. She has introduced legislation that she claims allows the designation of rare earth sites as “critical to US strategic interest.”
Murkowski commented,“ the president wants to sue the Chinese for something that we could – and should – be producing for ourselves,” before adding, “all he has to do is look north to Alaska, which has already identified roughly 70 rare earth elements sites.”
She has also, with the support of many within the REE sector, criticized the current government for not paying enough attention to her Critical Minerals Policy Act of 2011, which has been languishing with the senate Energy and Natural Resources committee since last year.
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www.businessinsider.com/...-just-what-the-market-needed-2012-4
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