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Reuters reported that Molycorp (NYSE:MCP) will open a rare earth plant ahead of schedule to address rare earth supply shortages.
Reuters reported that Molycorp (NYSE:MCP) will open a rare earth plant ahead of schedule to address rare earth supply shortages.
As quoted in the market news:
The early start-up will boost 2012 rare earth production by about 3,500 tonnes to 8,000-10,000 tonnes, and contribute to a further doubling of output to 19,500 tonnes in 2013, or about 20 percent of current global production.