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Rare-earths producer Molycorp (MCP +5.8%) plans an offering of $172.5M in preferred convertible...

Rare-earths producer Molycorp (MCP +5.8%) plans an offering of $172.5M in preferred convertible shares and says shareholders will sell off $500M in holdings (S-1). It's approved a second expansion phase at its mine in Mountain Pass, Calif.
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