Molycorp Reports Third Quarter Loss

Reuters reported that Molycorp reported a loss for Q3, blaming lower rare earth prices and higher costs.

As quoted in the market report:

Molycorp reported a net loss of $15.5 million, or 19 cents a share, in the quarter ended Sept 30. That compared with earnings of $45.1 million, or 49 cents a share, in the year-earlier period.

To view the whole Reuters report, click here.