Molycorp files voluntarily for Chapter 11 bankruptcy protection, delisting to follow

By James Sean Dickson
Published: Thursday, 25 June 2015

Once the darling of the rare earths world, Molycorp had little choice but to file for Chapter 11 bankruptcy protection, following continued losses, low rare earths prices and mounting debts. The company will continue to operate and hopes that a restructuring will put it on a firm and stable footing for future profitability.

US-based rare earths miner Molycorp Inc. has filed for Chapter 11 bankruptcy protection in the courts of the US state of Delaware, in an attempt to restructure $1.7bn in debts.

The bankruptcy filing, which was expected by most of the rare earths industry, is part of a restructuring arrangement that will...

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.