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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEV market has 'significant competition' coming from China, says MP Materials CEO James LitinskyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: James Litinsky, Brian Sullivan, Organizations: CNBC Locations: China
In the U.S. and beyond, some are jumping ahead by targeting a new but also old source—closed mines, also known as brownfield sites. In the mountains of northern Norway, Bluelake is seeking to reopen the Joma mine that closed 25 years ago because of low copper prices. “Røyrvik has a valued tradition of mining in the old times,” said Hans Oskar Devik, the leader of the local government. Despite the challenges, brownfield mining is also being seen as a way to help ensure mineral security in the U.S., especially in areas such as defense and energy. Preview SubscribeWhen MP bought its brownfield site in 2017, it had a mining permit but was in a state of disrepair, with the pit itself flooded.
Persons: Arne Hanssen, Bluelake, Bluelake Mineral’s, Arne Hanssen Bluelake’s, Peter Hjorth, ” Hjorth, Joma, “ Røyrvik, , Hans Oskar Devik, Maahke Joma, Joma —, Snorre, NRK Joma, wasn’t, James Litinsky, Litinsky, ” Litinsky, Jeremy Richardson, Richardson, Yusuf Khan Organizations: P Global Market Intelligence, Perpetua Resources, Materials, California -, Municipal, Bluelake, NRK, Resources, Defense Department, McKinsey Lyon, Business, Rocky Mountain Institute Locations: Røyrvik, Trøndelag county, Norway, U.S, Sweden, Perpetua, Idaho, Arizona, California, California - Nevada, Germany, Italy, Boise, United States, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. and China are in an era of 'significant strategic competition,' says rare earths minerJames Litinsky, chairman of MP Materials, says its second-biggest shareholder is a Chinese company and discusses how competition between the United States and China has affected the industry.
Persons: James Litinsky Organizations: Materials Locations: China, Chinese, United States
MP Materials CEO James Litinsky: We have a huge tailwind from the EV revolutionMP Materials Founder, Chairman and CEO James Litinsky joins 'Mad Money' host Jim Cramer to discuss the current economic headwinds facing the company, the mining sector, and moving operations out of China.
Persons: James Litinsky, Jim Cramer Organizations: EV Locations: China
MP Materials efforts to build a local supply chain demonstrate the challenge for American producers. Challenging China’s dominanceWhile the 60% might not sound that concentrated, the dependence on China is even more pronounced further down the supply chain. James Litinsky, CEO of MP Materials, stands in front of the Mountain Pass mine in 2018. But if you miss one step then you do not have a supply chain that’s secure,” Mr. Litinsky said. Defense Metals’ Ms. Moreno said that little knowledge exists outside of China in building the whole supply chain.
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