California’s Mountain Pass Mine to be Auctioned in Bankruptcy
Former Molycorp mine is major U.S. source of rare earths; auction has opening offer of $40 million
By Peg Brickley
Updated Feb. 1, 2017 9:34 a.m. ET
The major U.S. source for elements vital to electronics, from cellphones to defense systems, is going up for auction in bankruptcy court, with a $40 million opening offer from an entity identified as Rare Earth Global Partners.
California’s Mountain Pass mine, the sole significant developed source for crucial rare