Molycorp

Representation of noteholders in the chapter 11 case of Molycorp, a Colorado-based producer of rare earths used in electric cars and wind turbines, in the District of Delaware. Molycorp’s $1.7 billion in debt includes $206 million in convertible notes. Unregulated mining, separation and export of rare earths in China drove down rare earth prices and margins throughout 2014. In March 2016, the bondholders were winning bidders, and the company emerged from bankruptcy after coming to terms with the bondholders.