Molycorp CEO Discusses Q2 2011 Results

Seeking Alpha reports the transcript from an earnings call with Molycorp (NYSE:MCP)  CEO.

Molycorp’s President and CEO, Mark Smith says,

This past April, we purchased a controlling interest in AS Silmet, now known as Molycorp Silmet, which is a rare earth processor based in Sillamae, Estonia. This acquisition delivered a number of benefits to our company. First, it has helped to double our near-term rare earth oxide processing capacity. Second, it gives us a base of operations for our European market and our many customers there. Third, it has enabled us to move further downstream into the metals market, and it gives us exposure to several new markets, most notably, for high purity niobium and tantalum oxides and metals.

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