Molycorp Inc., the bankrupt rare-earths miner, received bids for assets that exceed the company’s own estimate of its value, Bloomberg News reported yesterday. Aluminum Corp. of China Ltd., a U.S.-traded mining company based in Beijing that’s also known as Chalco, offered to pay more than $700 million for the largest U.S. rare-earths producer’s non-U.S. assets. Shenghe Resources Holdings Co., a rare-earths miner and processor based in Chengdu, China, and lithium miner Galaxy Resources Ltd., based in West Perth, Australia, also made offers that exceeded the company’s appraised value range, which tops out at $443 million. U.S. private-equity firm Carlyle Group LP also has held talks about a possible bid.
