IHS Chemical Week

World News and Views :: Top of the News

Molycorp Buys Rare Earth Processor for $1.3 Billion

2:03 PM MDT | March 14, 2012 | Rebecca Coons

Molycorp (Greenwood Village, CO) says it has agreed to purchase rare earth processor Neo Material Technologies (Toronto) for $1.3 billion, creating a global, vertically integrated rare earth technology leader in a market dominated by Chinese suppliers. Neo posted $800 million in revenue in 2011 and operates 10 production sites in China, Thailand, and North America. The company’s performance materials division produces rare earths, zirconium, and rare metals gallium, indium, and rhenium, which are used in advanced electronics, photovoltaic, aerospace...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa