Molycorp acquires Neo Material Technologies for $1.3 billion in the rare-earth sub-sector

News Summary: Molycorp's $1.3 billion acquisition of Neo Material Technologies could revolutionize the rare-earth trade, analysts said. Combining the firms would create a one-stop shop for rare-earth elements, with control from the mine to the factory floor.

Source: Reuters (11 Mar), The Edmonton Journal (Alberta) (10 Mar), Bloomberg (09 Mar)

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