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Title
Molycorp merger complete.
Abstract
The article reports on the completion of the cash-and-share deal between mining corporation Molycorp Inc. and rare earth processor Neo Material Technologies Inc. to create an integrated mine-to-magnets producer. It notes that the acquisition of Neo Material provides Molycorp new technology capability in developing powders for high-performance bonded markets. It is expected that the deal will give Molycorp greater exposure to the rare earth market in China.