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Neo Material first quarter profits plummet 66% to $12m

09 May 2012

by Jack Elliott

Rare earths processor hit as RE prices hit “normal and sustainable levels”

Keywords: Neo Material, rare earths, Molycorp

Canada-based rare earths processor Neo Material Technologies saw its profits fall 66% to $12m in Q1 2012, down from $32m earned in the first quarter of 2011.

The company’s revenues rose...

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