1) the total production of rare earth elements is 130k tons. of this, japan uses 30k, the US uses 8k, and china uses 90k. these are round numbers, to be sure.
2) the mine that molycorp will bring on-line in the next year will be between 25k and 40k tons. note that this is versus 8k that the US imports...
For more see:
http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/42459
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