Molycorp Speeds Up Plan to Boost Rare Earth Supply

Reuters reported that Molycorp (NYSE:MCP) will open a rare earth plant ahead of schedule to address rare earth supply shortages.

As quoted in the market news:

The early start-up will boost 2012 rare earth production by about 3,500 tonnes to 8,000-10,000 tonnes, and contribute to a further doubling of output to 19,500 tonnes in 2013, or about 20 percent of current global production.

Click here to read the full Reuters report.