Molycorp, the US group developing the Mountain Pass rare earths project in California, made two notable announcements over the last week.
First, the company said it had made a “significant investment” in Boulder Wind Power, which has designed a rare earth magnet-powered wind turbine generator. The investment was part of a $35m. equity raising.
Boulder Wind Power’s generator operates with rare earth magnets that do not contain dysprosium, a relatively scarce and expensive rare earth element.
With the investment, Molycorp will...