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Molycorp Becomes Global Rare Earth Producer and Manufacturer with Neo Materials Acquisition

JOHANNESBURG--June 13, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Following the $1.3 billion acquisition of Neo Materials Technologies Incorporated (Toronto, Ontario), Molycorp Incorporated (NYSE:MCP) (Greenwood Village, Colorado) has become a vertically integrated rare earths company with an advanced manufacturing capability. The new combined entity has world-class rare earth resources, ultra-high-purity rare earth processing capabilities and full "mine-to-magnetics" integration.

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Industry Segment: Metals & Minerals
Word Count: 449 Words


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