Molycorp Minerals LLC

Published : August 26th, 2015

Molycorp to suspend production at Mountain Pass facility in California

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   China | Estonia |

Molycorp to suspend production at Mountain Pass facility in California

Aug 26 (Reuters) - Rare earths supplier Molycorp Inc , which recently filed for bankruptcy protection, said it would suspend production at its flagship Mountain Pass facility in California by Oct. 20 due to a fall in prices.

The company, which is the only U.S. supplier of rare earths, said it will continue to supply rare earths from its other facilities in Estonia and China.

The Greenwood, Colorado-based company filed for bankruptcy protection in June.

Rare earths gained global attention in 2010, when China clamped down on exports. Sensing an opportunity, Molycorp started expanding its Mountain Pass rare earths mine in California. But China subsequently eased export rules, causing prices to fall.

Rare earths are used in a range of products from smartphones to military jet engines to hybrid vehicles. China controls roughly 90 percent of the world's supply of rare earths.

(Reporting by Anannya Pramanick in Bengaluru; Editing by Sriraj Kalluvila)

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All

Molycorp Minerals LLC

DEVELOPMENT STAGE
CODE : MCP
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Molycorp Minerals is a exploration company based in United states of america.

Molycorp Minerals develops rare earth in USA.

Its main asset in development is MOUNTAIN PASS in USA.

Molycorp Minerals is listed in United States of America. Its market capitalisation is US$ 37.3 millions as of today (€ 34.1 millions).

Its stock quote reached its highest recent level on December 28, 2012 at US$ 9.98, and its lowest recent point on January 30, 2015 at US$ 0.28.

Molycorp Minerals has 103 950 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Molycorp Minerals LLC
6/25/2015Boom in once-scarce 'rare earth' metals ends in US miner's b...
Corporate news of Molycorp Minerals LLC
1/21/2016Bloomberg gets hearing to contest order for information from...
1/19/2016Judge denies stay order for info from Bloomberg reporters' s...
1/19/2016Bloomberg contests US court order for info from reporters' s...
11/4/2015Molycorp files plan to emerge from Chapter 11 bankruptcy
10/13/2015Molycorp's Biggest Shareholder Molymet Planning to Bid on Mi...
10/2/2015Judges reject bonus plans for executives at bankrupt compani...
8/26/2015Molycorp to suspend production at Mountain Pass facility in ...
7/22/2015Molycorp, Inc. Secures Court Approval for Net $130 Million i...
7/17/2015Next Week in Bankruptcy
7/6/20151:05 am Molycorp (:MCPIQ) receives court approval of $22 mln...
7/5/2015Lessons From The Failed Rare Earth Investment Hype
7/2/2015Molycorp, Inc. Receives Court Approval for Interim Financing
7/2/2015Molycorp gets approval from U.S. bankruptcy court for interi...
6/26/2015Molycorp Files for Chapter 11, Delisted From NYSE
6/4/2015Will Molycorp Shareholders Get Totally Wiped Out in Bankrupt...
6/4/2015J.P. Morgan Chase Wins Legal Battle to Avoid WaMu Liabilitie...
5/4/201510-K for Molycorp, Inc.
4/16/2015NYSE stocks posting largest volume increases
4/16/2015Most active New York Stock Exchange-traded stocks
4/15/2015Molycorp shares jump on Siemens contract
4/15/2015Molycorp Chosen to Supply Rare Earths for Use in High-Effici...
4/15/20157:03 am Molycorp has been selected by Siemens AG (SIEGY) to ...
3/24/2015CBS 60 Minutes Highlight Put Rare Earth ETF in Focus - ETF N...
3/23/2015Is There More Hope Than Reality in Molycorp and Rare Earth G...
3/17/2015Molycorp Earnings Rekindle Fears of the Worst
3/16/2015Molycorp reports 4Q loss
3/16/2015Molycorp (NYSE: MCP) Reports Fourth Quarter & Full Year 2014...
3/16/2015What to Expect From Molycorp Earnings
3/11/2015Molycorp (NYSE: MCP) to Report Fourth Quarter and Full Year ...
3/11/2015The REE Basket Price Deception and the Clarity of OPEX
2/2/2015NEWS: Rare Earth Production Rises in Q4 at Molycorp's Mounta...
1/2/2015Molycorp, Inc. Receives Continued Listing Standards Notice f...
11/5/2014Molycorp misses 3Q profit forecasts
10/21/2014Molycorp to Report Third Quarter 2014 Financial Results on N...
8/16/2013Federman & Sherwood Announces That a Securities Class Action...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (MCP)
0.359+0.00%
NYSE
US$ 0.359
08/06 09:41 -
0%
Prev close Open
0.359 0.380
Low High
0.341 0.380
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.359 0.084%
Volume 1 month var.
1,379,393 0.084%
24hGold TrendPower© : -44
Produces
Develops Rare earth
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.56+4.63%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :