Molycorp to open office in Tokyo for rare earth business

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Molycorp, Inc, the western hemisphere’s only producer of rare earth oxides and the largest producer outside of China, announced that it is opening an office in Tokyo in order to better serve its customers there and to build new relationships in the world’s largest rare earth consuming nation outside of China.

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The office will provide customer support as well as consulting and technical services to Molycorp’s customers in Japan.

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“We are very pleased to be opening a Molycorp office in Tokyo,” said Mark A Smith, Molycorp President and Chief Executive Officer. “This will help us better serve our many valued customers in Japan, as well as help us forge new relationships, improve communications, and increase our understanding of the needs of this very important market. Coupled with our offices in Europe and the U.S., this provides Molycorp with a more comprehensive global reach and will help us significantly improve our customer service capabilities.”

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Smith said that Molycorp plans to host an open house event in the Molycorp Tokyo office in the fall.

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