Molycorp Enters Rare Earth Magnet Partnership

Metalpowder Report said that Molycorp (NYSE:MCP) is partnering with Daido and Mitsubishi to produce rare earth magnets.

As quoted in the market news:

The plan is to construct an initial 500 tonnes-per-year magnet manufacturing facility in Nakatsugawa, Japan, with operations expected to commence by January 2013.

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