Cleveland-Cliffs owns or co-owns 5 different mines in Michigan and Minnesota so this does track that since they are mining they would look into this. Often times rare earths are mined with whatever else is being mined (in this case iron) but is tossed out into the tailings (waste). There have been several pretty significant innovations recently from the National Labs that would allow for these byproduct rare earths to be captured in a cost effective manner.
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87 sats \ 1 reply \ @grayruby 22h
Do you remember when their CEO lost it on CNBC because he thought analyst price targets were too low?
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98 sats \ 0 replies \ @Cje95 OP 21h
Omg yeah lol I forgot that was them! I remember my dad got a share of them when he signed up for Robinhood. Robinhood at that point just gave out random shares for a group of companies instead of what they do now.... and it was like a $3 stock hahaha
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86 sats \ 1 reply \ @justin_shocknet 19h
Interesting it'd pump so much on mining, all we hear is that the raw materials are not scarce but rather that the refining is. Refining implicit because they refine iron ore to steel already?
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0 sats \ 0 replies \ @Cje95 OP 14h
Well if they retro fit an existing mine that would be massive. There is only one active rare earths mine in the US... MP Material's Eagle Pass Mine so opening a second would be huge.
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