Molycorp cashes fund to bring US rare earths plant to full production capacity

By Antonio Torrisi
Published: Friday, 12 September 2014

By closing the $400m financial arrangement with Oaktree Capital Management, the US-base rare earths producer can complete improvements at its chloro-alkali processing facility to increase efficiency and reach rare earths production targets, which will ultimately strengthen investor confidence.

US-based rare earths producer Molycorp Inc. yesterday announced it received funding by investment company Oak Capital Management to continue improving its rare earths processing facility at Mountain Pass, California.

According to the financial arrangement, Molycorp will receive $400m from Oaktree, of which $250m cash is immediately available and $150m is...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.