When fully operational, the Project Phoenix Water Treatment Facility will allow the company to recycle process water that historically was treated as wastewater, making it more possible for the plant to operate as a near-zero wastewater discharge facility and helping drive down it production costs.   

The start-up and commissioning of the NdPr separations facility forms part of Molycorp’s Phase 1 production in the fourth quarter of 2012. Feeding NdPr oxide from operations at Mountain Pass to the neodymium-iron-boron (NdFeB) magnet powder and sintered NdFeB magnet manufacturing supply chains is an important part of its mine-to-magnets business strategy, Molycorp stated.
 
The company’s sintered NdFeB magnet manufacturing facility remains on schedule for production in early 2013. The joint venture will manufacture next-generation magnets which do not depend on the use of patents held by other magnet companies and will deliver greater performance with less reliance on dysprosium, a relatively scarce rare earth mineral. The joint venture has been provisionally awarded a supply agreement for a next-generation electric vehicle with a major automotive manufacturer.