Molycorp losses widen as low prices and operational bottlenecks persist

By Antonio Torrisi
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...

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