Molycorp Ready to Buy Other Rare Earth Miners: CEO
Investing News Network - May 4th, 2011
CNBC News reported that MolyCorp (NYSE:MCP) is willing to buy more rare earth companies.
CNBC News reported that MolyCorp (NYSE:MCP) is willing to buy more rare earth companies.
The market news is quoted as saying:
The Colorado company, with a market cap of $5.8 billion, made two acquisitions in April. It is the largest of the US miner of rare earths, a group of 17 elements that are widely used in consumer electronic items.