Molycorp fails to secure bidders

By James Sean Dickson
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 reports.

Quoting sources familiar with the matter,...

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