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    market news

    Molycorp Enters Rare Earth Magnet Partnership

    Investing News Network
    Dec. 14, 2011 11:51AM PST
    Rare Earth Investing

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

    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.

    Click here to read the full Metalpower report.

    nyse:mcpmarket news
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