Molycorp, Inc. (NYSE:MCP) was founded in 1950 and is headquartered in Greenwood Village, Colorado, USA, with 2,500 full-time employees. It is the only listed rare earth mining and production company in the United States. In order to improve the lives of the people of his country, the emperor did not advocate this kind of high-polluting industry, so he bought it in my great heaven. I am rich in resources, and the environment is not afraid of destruction, and he also sells cabbage at a price/(ㄒoㄒ)/~~ ).
Update : In 2015, Molycorp, Inc. was acquired by Oaktree Capital Management by its largest creditor, and rebuilt as Neo Performance Materials (NEO.TO), listed on the Toronto Stock Exchange in Canada.
Molycorp is the only rare earth oxide (REO) producer in the Western Hemisphere and the largest REO producer outside of China. In 2011, the company’s three factories are expected to produce 4541 to 5,813 metric tons of commercial rare earth materials. In addition to the rare earth mining and processing plant in Pas Hill, California, Molycorp is also the controlling shareholder of Molycorp Silmet AS, headquartered in Estonia. Molycorp Silmet AS is one of the largest producers of rare metals and rare earth metals in Europe. The company can produce about 3000 metric tons of rare earth products and 700 metric tons of rare metal products every year.
Molycorp Metals and Alloys in Tolson, Arizona is also owned by Molycorp. The factory, formerly known as Santoku America, Inc., is one of the leading manufacturers of high-purity rare earth alloys and metals outside of China, manufacturing neodymium iron boron (NdFeB) alloys and samarium cobalt alloys and other special alloys and products.
Molycorp completed the first phase of the modernization and expansion of its Passan processing plant in California in 2012. With the implementation of the company’s “from mineral to magnet” strategy, the annual production capacity of the Molycorp Passan plant is expected to reach approximately 19,500 metric tons of rare earth oxides. equivalent. At the end of 2013, the company’s annual production capacity in Pass Hill is expected to reach approximately 40,000 metric tons of rare earth oxide equivalent. Molycorp intends to provide the market with numerous rare earth products, including high-purity oxides, metals, alloys and permanent magnets.
Molycorp is a multinational corporation and the world’s earliest rare earth producer, with a large rare earth mine in California. The current business mainly includes rare earth production, rare metal production (gallium, indium, tantalum, rhenium, etc.) and the production of NdFeB bonded magnetic materials. The company has a wholly-owned enterprise and 6 joint ventures in China, which are engaged in the production of rare earth separation, rare metal purification (purity 99.99999%), bonding magnetic powder, rare earth glass and other products.
Benefit from the explosion of demand for neodymium iron boron rare earth permanent magnet materials for core parts of power vehicles. This U.S. rare earth stock rose from 10 yuan in November 2008 to 79 US dollars in early May 2011, an increase of nearly 8 times, and from the highest point in May 2011 to today’s opening of $0.23, it only cost It took 4 years, really 30 years in Hedong and 30 years in Hexi.
The company currently sells products to Europe, North and South America, Asia, Russia and other countries in the former Soviet Union.
Molycorp (MCP) investment:
Molycorp filed an application for bankruptcy protection on June 25, 2015, and stated that it had reached a restructuring agreement of US$1.7 billion with creditors and received US$225 million in new financing to maintain operations. Later, Molycorp was acquired by Oaktree Capital Management, its largest creditor, and rebuilt as Neo Performance Materials, listed on the Toronto Stock Exchange in Canada.