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Molycorp Signs Financing Deal with Sumitomo
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Molycorp Signs Financing Deal with Sumitomo
Molycorp (MCP) said today it has entered a memorandum of understanding with Sumitomo in which Sumitono will put together a $130 million equity ad debt financing package for use in completing Molycorps rare earth mine-to-magnets manufacturing supply chain.  Molycorp will provide Sumitomo with substantial quantities of several rare earth products over the next seven year.
Video Length: 0
Date Found: December 10, 2010
Date Produced: December 10, 2010
View Count: 1
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