Industrial Minerals


Molycorp posts Q2 profits on record rare earth sales

12 August 2011

by Mark Watts

US producer benefits from higher prices, sales volumes and acquisitions

Keywords: Molycorp, rare earths, lanthanum, Mountain Pass, FCC

Molycorp moved into the black in the second quarter as surging rare earth prices helped it boost sales.

Molycorp, which operates the Mountain Pass rare earths miner in California, posted Q2 sales of $99.6m. compared with $26.3m. in Q1 and $1.9m. in the same period last year.