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Molycorp is in the process of acquiring Canada's Neo Material Technologies. The deal includes Neo's patented magnet powder portfolio used to produce neodymium-iron-boron (NdFeB) bonded rare earth magnets. Neo's gallium, rhenium and indium resources and sales channels to China and Japan will add value to the deal. A conference call was held this morning 3/9/12 and can be replayed through 3/16/12 by dialing + 1 (888) 286-8010 in the US and Canada and entering the passcode 54274285 or for 90 days at http://www.molycorp.com/investors There is also some talk of a Blackstone investment and Morgan Stanley reaffirmed it's overweight rating and $81 price target.
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