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Re: chico237 post# 106

Thursday, 06/24/2021 8:19:20 AM

Thursday, June 24, 2021 8:19:20 AM

Post# of 391
MB- even MP materials is partially owned by CHINA!

Shenghe Resources
Just look at MP Materials. It is almost one-tenth owned by a Chinese company, Shenghe Resources. That was enough to prompt concerns from US government scientists over Pentagon funding for MP Materials, though funding has now resumed following a review.

https://www.reuters.com/article/us-usa-rareearths-insight-idUSKCN2241KF

MP Materials, which bought the mine in 2017, describes itself as an American-controlled company with a predominantly U.S. workforce. The privately held firm is 9.9%-owned by China's Shenghe Resources Holding Co 600392.SS, though, and Chinese customers account for all its annual revenue of about $100 million.

“Had we not had a Chinese technical partner helping us do this relaunch, there’s no way this could have been done,” said James Litinsky, chief executive of JHL Capital Group LLC, a Chicago-based hedge fund and MP Materials’ majority owner.



NOT USA RARE EARTHS or TMRC no CCP!!!

Chico