LYC 1.52% $8.02 lynas rare earths limited

Molycorp to start bankruptcy sale of business

  1. 989 Posts.
    http://uk.mobile.reuters.com/article/idUKKBN0UM2A820160108?irpc=932

    "On Tuesday, Bloomberg reported that potential buyers from China and Australia submitted nonbinding bids of more than $700 million for Molycorp's processing operations."

    I would find it hard to believe that the US government would allow a Chinese bid to succeed. I wonder who is bidding from Australia?
 
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