Molycorp Silmet to Recommence Rare Metal Production in January
Dec. 18, 2015 09:16AM PST
Rare Earth InvestingIndustrial Minerals (subscription) reported that Molycorp’s Estonian subsidiary, Molycorp Silmet (OTCMKTS:MCPIQ) will restart rare metal production in January following a fire at the facilities in June.
Industrial Minerals (subscription) reported that Molycorp’s Estonian subsidiary, Molycorp Silmet (OTCMKTS:MCPIQ) will restart rare metal production in January following a fire at the facilities in June.
As quoted in the publication:
The plant’s fire in June saw rare metal production halt, though rare earths separation continued. It is hypothesised that Silmet could be sold off as part of Molycorp’s bankruptcy restructuring.
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