Chile’s Molymet acquires 13% of Molycorp for $390m
01 February 2012
by Mark Watts
Investment from molybdenum and rhenium group to fund vertical integration
Keywords: Molycorp, Molymet, Molibdenos y Metales, Chile, rare earths, molybdenum, rhenium
US rare earths group Molycorp Inc. has agreed to sell 13% of its shares to Chile-based Molibdenos y Metales SA (Molymet) to raise around $390m.
The investment...
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