UPDATE 1-Hitachi Metals:talking with Molycorp on rare earth JVs


* Says to reach agreement in Q1 on joint ventures * Japanese firms seeking new rare earth sources (Adds detail, background) TOKYO, Dec 21 (Reuters) - Japan's Hitachi Metals Ltd said on Tuesday it is in talks with Molycorp Inc to jointly produce rare earth metals in the United States where demand is seen rising in line with growth in the electric vehicle market. The move comes as Japanese rare earth suppliers and dealers are racing to diversify their procurement sources after ...

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