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Molycorp sues contractor for over $45 million

Cecilia Jamasmie | November 06, 2012 | 7:34 pm Battery Metals Asia China Europe Rare Earth 

Molycorp Inc. (NYSE:MCP), one of the only non-Chinese producers of rare earths, has sued the engineering company responsible for designing the chemical processes at its troubled Project Phoenix for over $45 million in damages. The rare earths miner claims that M&K...

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