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Molycorp racked with writedown, job cuts

Kerry Hall | March 15, 2013 | 1:21 am Battery Metals Rare Earth 

Rare earth miner Molycorp (NYSE: MCP) announced Thursday, due to losses last year, it's taken a $258.3 million impairment charge and plans to cut jobs worth as much as $10 million dollars, reports Reuters. For the fourth quarter ended Dec....

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