Molycorp Quarterly Loss Greater than Expected

Rare Earth Investing

Mining Weekly reported that Molycorp reported a $50.1 million quarterly loss, blaming higher costs.
As quoted in the Mining Weekly report:

Mining Weekly reported that Molycorp reported a $50.1 million quarterly loss, blaming higher costs.

As quoted in the Mining Weekly report:

The US rare earth producer is nearing the end of a $1.25-billion modernisation project at its Mountain Pass mine in California, with commercial production expected at a new processing facility by mid-year.

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