Molycorp to Accelerate Startup of US Rare Earth Processing Unit

Platts reported that Molycorp’s (NYSE:MCP) California rare earth facility is expected to start up three months early.

As quoted in the market news:

Accelerating the facility’s initial startup will increase the company’s estimated 2012 production by around 3,500 mt, to 8,000-10,000 mt, and will enable Molycorp to achieve its full Phase 1 production rate of 19,050 mt/year of rare earth oxide equivalent three months earlier than previously planned, the company said.

Click here to read the full Platts report.