Molycorp's mould-breaking deal with Neo Material Technologies sent its shares rocketing in New York on Friday. By lunchtime the stock was trading at $30.09, up 15.8%, on volumes already close to triple the daily average. The counter is ...
Tags: China, Finance, Molybdenum, Rare Earth, USA
Strong revenue growth and a production ramp-up failed to give Molycorp a boost on Friday with the stock falling almost 2% by the close. The Colorado company, in the process of restarting full-scale mining and processing at Mountain Pass ...
Tags: China, Rare Earth, USA, Metallurgy
China is responsible for more than 90% of the global supply of rare earths and a few years ago embarked on a crackdown on illegal rare earth mines and consolidation of the industry under a few large producers. Controversially the country ...
Tags: China, Rare Earth, Metallurgy
What do the gold market and the weather have in common? You can forecast both, but predict neither, according to Brien Lundin, chief executive of Jefferson Financial and publisher of Gold Newsletter. Lundin, who also organizes the New ...
Tags: Finance, Gold, Rare Earth, Metallurgy
Bob Wolf, Alliance LLC vice president, doesn't believe everything he reads. Manufacturers claim they can swap out rare earth elements for cheaper, more accessible materials, while some miners insist they can fill every gap in the rare earth ...
Tags: Finance, Rare Earth, Metallurgy
Colorado Republican congressman Mike Coffman managed to tie together a popular video game, US President Barack Obama and rare earth mining in an op-ed published in The Washington Times last week. Even by the not very high standards of ...
Tags: China, Rare Earth, USA
US-based rare earth miners, Molycorp (NYSE:MCP), gets a foothold in Asia after completing its US$1.3 billion acquisition of Canadian-based Neo Material Technologies Inc. (TSX:NEM). Neo Material is a worldwide company that makes parts for ...
Tags: Asia, China, Rare Earth, USA
A day after rare earth producer Molycorp (NYSE: MCP) surprised investors with top line growth of 49% that sent its shares soaring after hours, the stock is falling again. This time traders are reacting to news that a formal investigation ...
Tags: Rare Earth, USA, Metallurgy
Molycorp Inc. (NYSE:MCP) has announced that its new Project Phoenix heavy rare earth concentrate facilities situated at Mountain Pass in California have commenced operation, marking the beginning of the US company's bid to challenge Chinese ...
Tags: California, Molycorp, Rare Earth
The United States should take a cue from Canada when it comes to speeding up the environmental approval of mining and energy projects. As US projects wither on the vine due to an excessive and Byzantine environmental approval process (as an ...
Tags: Asia, Canada, China, Rare Earth, USA
Rare earth production throughout China – responsible for more than 90% of the world's output – has slowed due to weak downstream demand with output in Guangdong province particularly depressed. China Daily reports ...
Tags: China, Rare Earth, Metallurgy
Chinese authorities have added 10,680 tonnes to the country's export allowance on the top of the 10,546 tonnes it had already allocated to 11 state-sanctioned miners this year. It is something of a meaningless exercise because during the ...
Tags: Asia, China, Rare Earth, USA
Barely two weeks after Lynas (ASX:LYC) began production at its Malaysian processing plant in the face of protests and after a protracted legal battle, the Australian rare earths miner is once again in crisis. The company's shares – ...
Tags: Lynas, Metallurgy, Mineral Energy
Resource developers, especially in the rare earths space, are suffering from the market's obsession with immediate results, says Byron King, writer and editor for Agora Financial's Outstanding Investmentsand Energy & Scarcity Investor ...
Tags: Metallurgy, Mineral Energy, Rare Earth
The rare earths business isn't unlike a Formula One race, according to Carolyn Dennis, vice-president and senior analyst with Dundee Capital Markets. Companies are speeding to reach production and find strategic partners to grease the ...
Tags: rare earths business, rare earths, Critical Metals, Metals