Molycorp’s losses narrow as rare earths demand stabilises

By Laura Syrett
Published: Friday, 09 November 2012

US company feels benefits of Neo acquisition and customer restocking

US-headquartered rare earths miner Molycorp Inc. reported a smaller than expected loss for the three months ending 30 September 2012 after sales of the company’s products increased 97% from Q2.

The company reported a net loss of $0.19/share, or $0.05/share when adjusted to exclude inventory write-downs and other...

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