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Molycorp Inc., owner of the world’s largest non-Chinese deposit of rare-earth metals, agreed to supply U.S. chemical producer W. R. Grace & Co. for as long as eight years with an element used in petroleum processing.
Grace will receive “a significant amount” of rare-earth production from the Mountain Pass mine in California through 2012, Greenwood Village-based Molycorp said Friday in a statement.
Grace subsequently will get more than 75 percent of lanthanum output from a new facility at the site through 2015.
