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Reuters reported on Molycorp’s (NYSE:MCP) acquisition of Santoku America to strengthen its position in the rare earth supply chain.

Reuters reported on Molycorp’s (NYSE:MCP) acquisition of Santoku America to strengthen its position in the rare earth supply chain.

The market news is quoted as saying:

The acquisition reflects a desire by Molycorp to consolidate the NdFeB supply chain and capitalize on the huge rare earth deposits present at the Mountain Pass site.

To read the full market news, click here.

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