New financing becomes top priority for Molycorp

By Antonio Torrisi
Published: Thursday, 15 May 2014

After posting wider year-on-year losses for Q1 2014, the US-rare earths producer is looking for options to raise new cash to improve its rare earths and rare earth magnets production, in the attempt to recover profits and meet a targeted output of 20,000 tonnes rare earths oxides.

US-based rare earths producer, Molycorp Inc., is considering different options to raise cash after posting a wider loss in Q1 2014.

"We are in talks with third parties and banks and we are also considering other options. We just need some more cash to run our Chinese operations. This is...

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