IM Rare Earths News in Brief 9 – 15 June

By James Sean Dickson
Published: Monday, 15 June 2015

Molycorp’s Silmet plant experiences fire as second debt interest payment deferred; Arafura receives tax rebate; new nanomaterial to challenge rare earth-based magnets.

US-based rare earths miner Molycorp Inc. has elected to use a second 30-day grace period for a $3.36 interest payment, separate from a payment deferral announced in early June that sent the company’s share price down 22.8% in one day, to $0.44/share.

The semi-annual interest...

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