# @60minutes on TikTok

- **Type:** Video
- **Original URL:** https://www.tiktok.com/@60minutes/video/7620260184568433933
- **Gondola URL:** https://gondola.cc/posts/61027879-60minutes-tiktok
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/8257cb72a2.jpg
- **Posted:** 2026-03-23T01:41:49.000+00:00
- **Account Owner:** 60 Minutes (@60minutes) — https://gondola.cc/60minutes

## Caption

For decades, the mine and refinery at Mountain Pass dominated the rare earth industry. But then mining, processing, and magnet-making began moving to China. The mine shuttered at the turn of the millennium. A decade later, a new company tried to revive the business, but failed and filed for bankruptcy in 2015. James Litinsky was running a hedge fund when he saw an opportunity and set out to restore the mine. #rareearth #hedgefund #supplychain #criticalminerals 

## Stats

- **Views:** 38,500
- **Likes:** 1,580
- **Shares:** 40
- **Comments:** 10

## Tags

supplychain, criticalminerals, hedgefund, rareearth

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