History

1927-1928	The Swedes founded oil shale processing plant on the present location of Silmet’ s factories.
1941-1945	Most of the former Silmet’ s facilities are destroyed during the II World War.
1945	Decision is made in Moscow, Russia to start uranium processing in “Factory nr 7” which was the code name of former Silmet.
1946	“Factory nr 7” begins processing uranium instead of oil shale.
1970	Production of rare earth metals and rare metals is started.
1990	“Factory nr 7” is renamed to Silmet. Silmet stops processing uranium and concentrates its activities to producing only rare earth metals and rare metals.
1997	Silmet is fully restructured and privatized – formerly state owned RAS Silmet becomes privately owned AS Silmet.
2011	Molycorp, Inc., through its wholly-owned subsidiary, Molycorp Minerals, LLC, acquires AS Silmet, and the new company becomes Molycorp Silmet AS.