Molycorp Q4 profit drops 31%, but posts strong 2011 figures

By Mark Watts
Published: Friday, 24 February 2012

US rare earths group announces start-up of flagship Mountain Pass project

US rare earth producer Molycorp Inc. reported a 31% drop in profits for the fourth quarter of 2011 compared with the previous quarter as it announced the start-up of its flagship Mountain Pass project in California.

Operating income came in at $46m, recovering from a $9.9m loss in the same...

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