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Reuters Africa reported that Molycorp (NYSE:MCP) intends to raise $200 million to support development of projects in California.
Reuters Africa reported that Molycorp (NYSE:MCP) intends to raise $200 million to support development of projects in California.
The market news is quoted as saying:
Molycorp expects Mountain Pass to produce 19,050 tonnes of rare earths a year by the end of 2012, and up to 40,000 tonnes a year by the end of 2013.