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News Breaks | | | | January 23, 2013 | | 07:57 EDT |  | MCP | Molycorp now sees Q4, 1H13 production substantially lower than expected
In a regulatory filing, Molycorp (MCP) updated investors with respect to its current operations and capital needs, including with respect to its Mountain Pass, California rare earth mine and processing facility. In the filing, Molycorp stated: "We had expected that Project Phoenix Phase 1 would be operational during the fourth quarter of 2012, leading to an annualized run rate of 19,050 mt. Project Phoenix Phase 1 was not operational during 2012, though in January 2013, we announced that all key production components of the Molycorp Mountain Pass facility were operational and that the facility had begun an orderly ramp-up to its full scale Project Phoenix Phase 1 run rates. As a result, our production in the fourth quarter of 2012 and the first half of 2013 will be substantially lower than expected, leading to reduced revenues and cash flows, as well as higher costs for our other operations that must continue to purchase raw materials from third parties rather than accepting delivery of lower cost products from our Molycorp Mountain Pass facility. In addition, our chloralkali plant is not yet complete, which has not yet allowed us to realize lower production costs." | |
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| May 23, 2013 | | 09:55 EDT |  | MCP | Industry sources: U.S. rare earth demand is improving, Metal Pages reports
 Subscribe for More Information | | | May 21, 2013 | | 16:04 EDT |  | MCP | Options Update; May 21, 2013
Subscribe for More Information | | | 09:42 EDT | | MCP | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:19 EDT | | MCP | China rare-earth exports rose 28% in April from prior month, WSJ says
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