Chile’s Molymet acquires 13% of Molycorp for $390m

By Mark Watts
Published: Wednesday, 01 February 2012

Investment from molybdenum and rhenium group to fund vertical integration

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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