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Tag: molycorp

8 Top Rare Earth-producing Countries

While China may have a stranglehold on the rare earths market, it’s not the only country producing the metals. Here’s a look at the eight top rare earth-producing countries of 2014, as per statistics from the US Geological Survey.

Rare Earths in Chile: The Next Big Thing?

Investors in the rare earths space may have been hearing more about Chile lately. Privately held mining company BioLantanidos has been making headlines with its rare earths project in the country, which is set to begin producing by the end of 2016.

Moody’s Downgrades Molycorp

Moody’s Investor Service has downgraded Molycorp (NYSE:MCP) from Ca to Caa2. The firm has a negative outlook for Molycorp, and its ratings change comes after the company decided to take advantage of a 30-day grace period on a $32.5 million semi-annual payment of its senior secured notes. Moody’s noted that

Don Lay of Medallion Resources Talks Rare Earths Prices

China removed its export tariffs on rare earths, tungsten and molybdenum at the start of May, and shortly afterwards announced changes to its resource tax regime for rare earths. A number of analysts and market watchers have commented on how those changes might affect rare earths prices — here, Don

Molycorp Takes a Hit Following Q1 Results Release

The company incurred a net loss of $102 million for Q1. Meanwhile, it’s facing delisting from the NYSE and is concerned about repaying convertible notes maturing in June. Overall, if Molycorp is “unable to execute [its] business plan and restructure [its] debt, [it] may not be able to continue.”

Could Molycorp Do a Reverse Stock Split?

Writing for Seeking Alpha, Shock Exchange suggested that rare earth producer Molycorp (NYSE:MCP) could engage in a reverse-stock split in coming weeks. The author noted that a potential delisting for Molycorp is still in effect, and suggested that management would engage in a reverse stock split before allowing the stock

Is the Tide Turning for Lynas?

The share price of Australian rare earths producer Lynas was up last week on two pieces of positive news for the company. Lynas saw $191,000 of positive free cash flow in March and said it cut costs significantly during the March quarter.

China to Eliminate Rare Earth Export Tariffs

China’s Ministry of Finance confirmed plans to eliminate export tariffs on rare earths, tungsten and molybdenum, effective May 1, 2015. According to Shanghai Metals Market, China previously imposed export duties of 15 to 25 percent on rare earth products.

5 Top Coal Stories for Q1 2015

The first quarter of 2015 didn’t bring much relief for the coal price and coal companies. And unfortunately now that we’re well into the second quarter of the year, the situation is not looking much better. That said, there’s definitely still interest in the coal market — here’s a look

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