The acquisition allows Molycorp to begin manufacturing and selling rare earth alloys for the production of neodymium iron boron (NdFeB) magnets and samarium cobalt (SmCo) magnets as well as a variety of other specialty alloys and products.
SAI said the company will immediately begin sourcing rare earth feed stocks for production of its products from Molycorp’s Mountain Pass, California, rare earth mine and processing facility.
Molycorp intends to change the name of acquired SAI to Molycorp Metals and Alloys, for which Japan-based Santoku Corp will provide technical assistance with respect to the production of rare earth alloys.
SAI’s former parent company, Santoku Corp will also will act as the exclusive authorized distributor of strip cast NdFeB alloys produced by Molycorp Metals and Alloys.
