2014 should be a better year for rare earth prices, as demand picks up and supplies tighten.
Articles Tagged "Molycorp"
MINING.com reported on two developments on Tuesday for rare earth company investors. In the first, the death of an engineer at Lynas' (ASX:LYC) processing facility in Malaysia caused the Australian company's shares to drop 3.6 percent on Tuesday and 7 percent since the fatality was reported.
Molycorp, (NYSE:MCP) the US rare earths producer, said Tuesday that Chief Operating Officer Geoff Bedford will take over as CEO on Dec. 2, Reuters reported.
Business Insider, via Mercenary Trader, published a list of rare earth stocks to watch.
Most rare earth companies had a good week last week, due to news that China is likely to purchase 10,000 tonnes of rare earths for its strategic minerals stockpile.
China is the dominant player in the rare earths game, yet the country's impacts on the market are not easy to understand. Here we provide an explanation of what China's rare earths quotas really mean.
MetalMiner reported that a dip in its REE index could be affected by Molycorp's (NYSE:MCP) second-quarter loss it announced earlier this summer.
The US rare earths producer blamed disappointing results on poor prices and a lack of buyers.
Bloomberg reported that Molycorp (NYSE:MCP) expects that rare earth prices will rise on increased demand and increased regulation over the Chinese market.
The USGS recently determined the United States is sitting on a sizable untapped reserve of rare earth reserves in the west part of the country. New extraction techniques will allow companies to access this rare earth in old mine tailings.