Molycorp swings to loss on low prices and high costs

By Laura Syrett
Published: Friday, 03 August 2012

Rare earths producer pins hopes on downstream products; warns cash low

US rare earths miner Molycorp Inc. fell into the red for the second quarter of the year as flagging rare earths prices stunted profits and rising operating costs put pressure on cash flow.

In its quarterly earnings statement, the Colorado-based company posted a loss of $67.6m, or $0.71 per share,...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.