The gavel is coming down on Mountain Pass tomorrow, as the only producing rare earths mine in the United States goes up for auction.
Molycorp Mining News
It's the kind of announcement that will raise hackles among U.S. nationalists and especially those concerned about the loss of control of America's strategic mineral resources.
The permanent magnet and catalyst sectors will continue to provide the largest markets for rare earths in the next ten years to 2026.
Bankrupt Molycorp (OTCMKTS:MCPIQ) has been offered a vital loan to keep its Mountain Pass mine under care and maintenance.
Bondholders left holding the bag for bankrupt Molycorp (NYSE:MCP) are unhappy with the latest turn of events in bankruptcy proceedings.
Should help clear the way for the company to exit bankruptcy.
Beijing to set up tracing system to determine and certify the origin of the materials.
The beleaguered rare earths producer has announced a plan to restructure that may include the sale of its Mountain Pass mine in California.
As a result, all rare earths producers inside and outside China are facing extremely challenging conditions, say insiders.
U.S. Rare Earths Inc. will apply a new method that assists in the recycling, recovery and extraction process of the coveted elemenst, used as ingredients in magnets, batteries, catalytic converters and high-tech products
The former superstar of rare earths mining said it has decided to put the California facility on "care and maintenance" mode by Oct. 20 due to weak prices.
About 90% of China’s rare earth producers are currently operating at a loss as prices for the coveted elements continue to drop due to a global glut and illegal mining.
While analyst predict a rebound in hard-hit rare earth prices later this year, it is still unclear whether companies outside China, the world’s largest producer, will be able to challenge its dominance.
The National Energy Technology Laboratory (NETL) has been investigating the economic feasibility of recovering the coveted elements from coal.
Skipping the loan repayment could lead to the U.S. rare earths miner bankruptcy.
Beijing had been widely expected to eliminate tariffs and quotas on rare earth shipments after a World Trade Organization panel branded them discriminatory last year.
Molycorp will supply Siemens with rare earth materials over the next 10 years.
Experts are raising questions about the legitimacy of North Korea's estimated reserves of rare earths, used from computers to cars and defense missiles.
Once a $70 share, Molycorp investors on Tuesday were dumping holdings at 49c after cash burn rate showed maybe two quarters left without injection.
Better production numbers at its California mine couldn't stop the red ink at rare earth miner.
Production nearly doubles quarter on quarter.
Shares down 19% after hours after production at its Mountain Pass rare earth mine in California slumps 58% and costs more than double.
US rare earth miner up sharply from historic lows in heavy volume.
Morgan Stanley downgrades rare earth miner over predictions of huge revenue shortfall.
Average selling price for Colorado rare earth miner's products continue to slide – 20% below 2013.