Industrial Minerals


Molycorp finds end users for 78% of Mountain Pass output

04 January 2012

by Mark Watts

Demand for US producer’s rare earths seen as positive for global rare earth industry

Keywords: rare earths, Molycorp, cerium, XSORBX, Dahlman Rose, Byron Capital Markets

Molycorp has secured customers for 78% of rare earths production from its Mountain Pass, California, processing project, the US-based company said.

Molycorp has signed written agreements with customers for 58% of capacity, while 20% will be used for the in-house production of XSORBX, a cerium-based water treatment product.

The Mountain Pass project is expected to start up later this year with a capacity to produce 19,050 tpa...