|
|
|
23.06.26 - 19:39
|
MP Materials′ Lawsuit Against USA Rare Earth Highlights Battle For America′s Future In Minerals (ZeroHedge)
|
|
|
MP Materials' Lawsuit Against USA Rare Earth Highlights Battle For America's Future In Minerals
USA Rare Earth has dismissed a lawsuit filed by MP Materials, calling the claims "completely without merit" and arguing the case is an attempt to slow its growth. The company said it will deny all allegations that it improperly obtained confidential information from a former MP employee, according to Bloomberg.
The dispute underscores intensifying competition in the U.S. rare-earth sector, where both companies are racing to build domestic mining, processing, and magnet-production capabilities. USA Rare Earth said MP is trying to impede its progress as it develops the Round Top deposit in Texas and a magnet facility in Oklahoma.
Bloomberg writes that MP sued last month, alleging a coordinated effort by USA Rare Earth to recruit MP employees and misuse proprietary information. The lawsuit also questioned the viability of USA Rare Earth's projects. MP declined to comment on the latest fil...
|
|
|
|
|
|
|
|
|
|
|
22.06.26 - 16:00
|
China Sanctions 10 US Defense, Rare Earth Firms, Restricts 46 From Govt Procurement Weeks After Pentagon Blacklist (ZeroHedge)
|
|
|
China Sanctions 10 US Defense, Rare Earth Firms, Restricts 46 From Govt Procurement Weeks After Pentagon Blacklist
China said on Monday that it will add 10 American firms to its export control list, including two rare earth firms MP Materials and USA Rare Earth, while also restricting 46 US firms from government procurement, signalling it would respond to Washington's recent expansion of a military blacklist, even amid a broader stabilization of bilateral ties, the SCMP reported.
The Ministry of Commerce said in a statement on Monday that the 10 American firms to be added to the export control list were
AVEOX (Simi Valley, California)
Red Cat Holdings and Teal Drones (South Salt Lake, Utah)
IMSAR (Springville, Utah)
Jaia Robotics (Bristol, Rhode Island)
Ball Aerospace & Technologies (Broomfield, Colorado)
Oshkosh Defense (Oshkosh, Wisconsin)
L3Harris Maritime Services (Norfolk, Virginia)
MP Materials (Las Vegas, Nevada)
USA Rare Earth (Stillwater, Oklahoma)
It's notable that China'...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|