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U.S. opens first rare earths mine in over 70 years, backed by Trump administration

  • The U.S. opened its first rare earths mine, the Brook Mine in Wyoming, after over 70 years.
  • Rare earths are crucial for modern technology and China currently dominates about 90% of global processing capacity.
  • MP Materials, the mine's owner, has a deal with the US Department of Defense to reduce America's reliance on rare earth imports.
  • The agreement includes a minimum price commitment for neodymium and praseodymium output and funding for expanding production.

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