Molycorp ties more product into purchase agreements

Rare earths miner Molycorp said on Tuesday it has signed offtake agreements for 58% of its phase-one production at the Mountain Pass mine. The company has also allocated one-fifth of the 19 050 first-phase output to produce its trademark Xsorbx water treatment products, with an additional 6% of phase-one production in final-stage discussions with potential customers.

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