Molycorp posts wider losses in Q1 2014 as prices keep falling

By Antonio Torrisi
Published: Thursday, 08 May 2014

The effect of low prices in the rare earths market continues to hit Molycorp revenues, with the company recording a net loss in the first quarter of 2014 of $86m, which could impact its business for the rest of year.

US-based rare earths producer, Molycorp Inc., has recorded greater losses in the first quarter of this year, as low prices badly impacted revenues in all its production segments and demand remained flat.

The company posted a net loss of $86m in Q1 2014 compared with a loss of $38m in...

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