Molycorp, Inc., the mining firm that operates a rare earths metals mine in the San Bernardino County desert, announced Monday that the company has agreed to a three-year contract with United Steelworkers members working at the mine.
Molycorp’s mine is at Mountain Pass, near the Nevada state line. The mine is the only place in the United States where the natural elements known as rare earths metals are extracted from the ground.
China leads the world in rare earths production. The elements are used to manufacture powerful magnets and components in many products, such as smart phones and missiles.
Molycorp is headquartered in Colorado.