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America's Only Rare Earth Mineral Company Goes Bankrupt


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http://www.hcn.org/articles/the-u-s-s-only-rare-earth-mine-files-bankruptcy

 

The only Rare Earth Minerals Company in North America has gone bankrupt as the prices for rare Earth Minerals have fallen too much since 2010 for the Company to stay afloat. Mining in the California mine has been suspended for the time being

 

The Overwelming majority of the worlds rare earth minerals come from a single mine in China. Only a few mines are known to exist in the world for this

 

Rare Earth Minerals are needed for things such as computers, cellphones or anything digital to function

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