Molycorp fails to secure bidders
Published: Monday, 21 December 2015
Company attempts to exit bankruptcy proceedings, but no bidders keen to buy entire business.
US-based former rare earths producer Molycorp
Inc., which is currently attempting to exit
bankruptcy proceedings, has seen no bidders come forward for
the business as an entire company, meaning that the firm will
likely see its assets sold off in chunks, according to
Quoting sources familiar with the matter,...