Molycorp now owns 100% of Sillamae, an Estonia-based facility, known as Molycorp Sillamae.
Molycorp president and CEO Mark Smith said the purchase of the Silmet facility has proven to be highly accretive to Molycorp’s global operations.
"We are enthusiastically exploring options for additional upgrades and production expansion at this facility," Smith said.
The company has recently succeeded in establishing neodymium metal production at the Sillamae facility.
