Molycorp expects 1H13 results to be 'slightly weaker' than 2H12 This is outlook due to typical seasonality resulting in slow global rare earth sales in Q1 combined with the expectation that its Mountain Pass Facility will not achieve full-scale commercial production until mid-year 2013. The company expects global supply and demand for rare earth oxides will approach a healthier balance during 2013, and pricing within many key applications of rare earths will be beneficial to both customers and suppliers. The company's 2013 demand forecasts are relatively robust for the following downstream markets: automotive catalysts, fluid cracking catalysts, and the automotive and small battery sectors. Weaker or negative near-term growth is forecast in the multi-layer ceramic capacitor, glass polishing, and neodymium-iron-boron magnet sectors.
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