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Molycorp
Molycorp Inc. is an American mining corporation headquartered in Greenwood Village, Colorado.〔Lee Spears and Kristen Scholer, (“Molycorp, Enevest slash IPOs, Surgivision postpones,” ) ''Bloomberg'', 29 July 2010.〕 The corporation, which was formerly traded on the New York Stock Exchange,〔(Molycorp Inc. visits the NYSE ), New York Stock Exchange.〕 owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a 2014 restructuring. ==History==
The Molybdenum Corporation of America bought the Mountain Pass mining claims, and began production in 1952. The Molybdenum Corporation of America changed its name to Molycorp in 1974. The corporation was acquired by Union Oil in 1977, which in turn became part of Chevron Corporation in 2005. In 2008, Chevron sold the mine to privately held Molycorp Minerals LLC, and on July 29, 2010, Molycorp, Inc. became a publicly traded firm by selling 28,125,000 shares at $14 in its IPO. The shares trade under the ticker symbol MCP on the NYSE. In June 2012, Molycorp acquired the Canadian-based company Neo Material Technologies Inc.
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