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From mine to finished magnets: Molycorp closes US$1.3 billion acquisition of Neo Materials

Michael Allan McCrae | June 12, 2012 | 5:30 am Battery Metals Asia China Rare Earth 

US-based rare earth miners, Molycorp (NYSE:MCP), gets a foothold in Asia after completing its US$1.3 billion acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM). Neo Material is a worldwide company that makes parts for micro motors, precision motors, sensors, LEDs,...

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