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Silmet sold to rare earth giant

Autors: Wire Reports, TALLINN
Datums: 07.04.2011
Izdevums: The Baltic Times
Rubrika: Bussiness

U.S. company Molycorp announced on April 4 that it bought 90.023 percent of Estonian rare earth company Silmet for around 62 million euros, reports news agency LETA. One of the major owners of Silmet, Tiit Vahi, said that Silmet did not have its own raw material and, therefore, its future was unclear.

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Silmet sold to rare earth giant

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