Molycorp, a Greenwood Village, Colorado-based miner of rare earth elements, has agreed to pay $1.3 billion to acquire Canada’s Neo Material Technologies, the companies announced on Thursday.
Molycorp owns the world’s largest rare earth deposit outside of China-the Mountain Pass mine in Southern California-while Neo Material processes rare earth elements to make magnetic powders used in components for fuel cells, glass, smartphones, and other electronic products.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
