• TalkBass has been independent since 1998. Add your voice.
    Create a free account to reply to discussions, view embedded media, and browse with fewer display ads.
    Join freeLog in
    Want zero display ads or expanded classifieds tools? Compare plans.

Neodymium vs. ceramic

... most of the rare earth mining is going on in China. They get the pollution, we get the magnets.
i remember in the big chinese neo-D cutoff scare of a few years ago it was pointed out that we in the US have plenty of neo-D to mine, it's just that the chinese have ramped up the mining of it already.
 
i remember in the big chinese neo-D cutoff scare of a few years ago it was pointed out that we in the US have plenty of neo-D to mine, it's just that the chinese have ramped up the mining of it already.
There's a U.S. mining company called Molycorp who was purportedly ramping up to mine rare earths. Their stock went from $12 a share to $79 a share in one year. I was thinking about investing in it. Good thing I didn't. Their stock is under a dollar a share now. I suspect there may be political reasons why we're not competing with China on rare earths, but I have no real basis for my suspicion. I've also heard that China's running out of them, so automobile manufacturers are moving away from neo magnets. There may be an opportunity for mining companies in the U.S. to get a good chunk of the market. One big problem is getting the capital to tool up for the mining - it's very expensive.