Molycorp losses widen as low prices and operational bottlenecks persist
Published: Thursday, 07 August 2014
Low rare earths prices are continuing to impact revenues of the US-based producer, which posted additional losses in the second quarter of this year and had to deal with discontinued operations at its processing facility in California and difficulties of hydrochloric acid supply.
US-based rare earths producer,
Molycorp Inc., has seen losses widen in the
first sixth months of this year as low prices continue to
impact earnings and bottlenecks affected
operations at its Mountain Pass facility in California.
The company’s net loss amounted to $169.8m in
H1, compared with a loss of...