Rare earth metals have been a hot topic in the news recently. The increasingly high prices and supply constraints have forced the US, along with Europe and Japan, to file a complaint against China with the World Trade Organization. China holds approximately 30% of global rare earth inventories. The Paragon Report examines the outlook for companies [...]
Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased Molycorp, Inc. ('Molycorp? or the 'Company?) (NYSE: MCP) stock between March 9, 2011 and ...
Molycorp, Inc. (NYSE: MCP) ('Molycorp? or the 'Company?) today announced the closing of its previously announced placement of 12.5 million shares of Molycorp common stock with Molibdenos y Metales S.A. (Molymet), for approximately $390 million. 'I am ...
Transaction Will Create Global, Vertically Integrated Rare Earth Technology Leader and Give Molycorp a Greater Range of Products and Increased Sales Opportunities Across AsiaTRANSACTION HIGHLIGHTS The transaction will combine Molycorp′s world-class rare earth resource and low-cost production from its Project Phoenix with Neo′s proven leadership in the development, processing, and distribution of technically advanced rare earth products.
The transaction will give Molycorp greater exposure to the world′s largest and fastest-growing rare earth consuming nation ? China ? which now comprises about 70% of global rare earth consumption.
The transaction leverages Neo Materials′ existing infrastructure to allow Molycorp to ramp up its overall production once Project Phoenix Phase 2 production begins in 2013.
The transaction expands Molycorp′s production capabilities to include Neo Materials′ Magnequench patented magnet powder portfolio used to produce neodymium-iron-boron (NdFeB) bonded rare earth magnets.
The transaction expands Molycorp′s strategic rare metals portfolio to include gallium, rhenium, and indium, which are used in advanced electronics, photovoltaic, aerospace, catalytic converters, and lighting industries.
The combination is expected to be accretive to Molycorp′s 2012 earnings and cash flow. Significant identified synergies are expected to further strengthen the financial performance of Molycorp beyond 2012. [...]
NEW YORK, March 8, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) announces that a class action suit was filed in the United States District Court for the District of Colorado against Molycorp, Inc. ('Molycorp' or the 'Company')
, Case No. 12-cv-00292, on behalf of purchasers of Molycorp stock between March 9, 2011 and November 10, 2011 [...]
HIGHLIGHTS: Molycorp announced this week the successful launch of the sequential start-up of its new Project Phoenix rare earth manufacturing facility at Mountain Pass, which is ahead of schedule.
The Company confirmed that Project Phoenix remains on its accelerated schedule, with a target of [...]
Molycorp, Inc. (NYSE: MCP), today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per share. Molycorp will pay the dividend on March ...
Molycorp, Inc. announced today that 78 percent of its Phase 1 rare earth production from its new Mountain Pass, California manufacturing facility, which comes online in 2012, has now been secured by signed customer agreements or has been committed to productio ...
Molycorp, Inc. (NYSE: MCP) today announced that it has been granted authorization from the U.S. Bureau of Land Management to commence exploratory drilling at an occurrence of heavy rare earths located near its flagship rare earth manufacturing facility at Mountain Pass, ...
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