Great news - for Americans...
... but wait until government gets involved. Then, just like oil - they'll tax, pillage, and steal from the industry. However, it'll be through regulation, taxes, and fines. I really hope they don't unionize their work force.
This is an industry really worth watching.
By the way - what do the tree-huggers and bark-eaters think about rare earth industry? Or, have they not woken up yet?