Molycorp to buy rare earths processor Neo Material
Published: Friday, 09 March 2012
Molycorp $1.3bn megadeal will give access to China as well as processing capabilities
producer Molycorp Inc. has signed a definitive
agreement to buy leading rare earth processor Neo
Material Technologies Inc. for C$1.3bn ($1.31bn).
The deal is intended, CEO Mark Smith said, to enhance
our mine-to-magnets vision and place Molycorp in all steps of