Neo Performance Materials (formerly Molycorp Inc.[1]) is a Canadian mining corporation headquartered in Toronto, Ontario. The corporation was formerly traded on the New York Stock Exchange,[2] owned the Mountain Pass rare earth mine in California. Molycorp filed for bankruptcy in June 2015 amid changing competitive circumstances, declining prices and a 2014 restructuring. It was purchased by its largest creditor Oaktree Capital Management and was reorganized as Neo Performance Materials.[3]
History
Molycorp Inc.
Roots of the company dated back to 1919 when the Molybdenum Corporation of America, established as a subsidiary of the Electric Reduction Company,[4]