Wyoming's New Rare Earth Mine Sparks Industry Excitement
Ramaco Resources is excavating a new Wyoming mine that contains high concentrations of rare earth elements, aiming to become a major domestic supplier and reduce reliance on China. The company plans to process these minerals to meet over 10% of U.S. demand, competing with MP Materials, which is backed by government investment. Ramaco emphasizes its resource's superior quality, especially for heavier rare earths, and seeks government support for establishing a strategic reserve of critical minerals.
