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Molycorp begins production at California rare earths complex
9:18 AM MST | January 10, 2013 | Lindsay Frost
Molycorp (Greenwood Village, CO) says its has begun operations at its rare earth manufacturing complex at Mountain Pass, CA. The company plans to ramp up to its full-scale, phase-1 run rate of 19,050 m.t./year of rare earth oxide (REO) equivalent by mid-year. The phase-2 rate is expected to run up to 40,000 m.t./year of REO equivalent. However, completion of phase-two construction and start-up is dependent on market demand, product pricing, capital availability, and financial returns to justify additional increases in production after phase one, the company...
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