Molycorp forms JV to build rare earth magnet plant in Japan

By Mark Watts
Published: Monday, 28 November 2011

US group partners Daido Steel and Mitsubishi; facility expected to start up in '13

Molycorp Inc. has formed a joint-venture company to build a rare earth magnets plant in Japan by January 2013, the US rare earths group said.

The company will partner Japan’s Daido Steel Co. Ltd and Mitsubishi Corp. to establish a 500 tpa neodymium-iron-boron (NdFeB) magnets plant in Nakatsugawa, Gifu prefecture....

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