Molycorp registers further large losses but substantially reduces opex

By James Sean Dickson
Published: Tuesday, 17 March 2015

Whether or not Molycorp can continue to avoid bankruptcy is still under question in light of the company’s latest set of financial results. Another substantial loss, set against significant leveraging is continuing to make for fractious relationships with investors, though certain measures, including opex reduction efforts, now appear to be making a difference.

Struggling US-based rare earths producer Molycorp Inc. has posted another quarterly loss, filing a negative net income of just under $348m for the fourth quarter of 2014, equivalent to a loss of $1.43/common share.

Despite the substantial continued losses, investors may find comfort in both increased production volumes —...

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.