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Shenghe Resources Holding Co., Ltd (600392.SS)

Shanghai - Shanghai Delayed Price. Currency in CNY
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16.34+0.15 (+0.93%)
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  • U.S. rare earths miner MP Materials to go public in $1.47 billion deal
    Reuters

    U.S. rare earths miner MP Materials to go public in $1.47 billion deal

    The listing on the New York Stock Exchange would be the first for a U.S. rare earths company since Molycorp went public a decade ago. Molycorp filed for bankruptcy in 2015 and MP Materials bought California's Mountain Pass mine and other Molycorp assets in 2017. The deal, announced on Wednesday, comes as President Donald Trump pushes to resume domestic production and processing of rare earths, a group of 17 minerals used to build weapons and electronics.