Articles Tagged "Molycorp"

Molycorp Takes a Hit Following Q1 Results Release

The company incurred a net loss of $102 million, or $0.42 per share, for Q1. Meanwhile, it's facing delisting from the NYSE and is concerned about repaying convertible notes maturing in June. Overall, if Molycorp is "unable to execute [its] business plan and restructure [its] debt, [it] may not be able to continue."

Could Molycorp Do a Reverse Stock Split?

Writing for Seeking Alpha, Shock Exchange suggested that rare earth producer Molycorp (NYSE:MCP) could engage in a reverse-stock split in coming weeks. The author noted that a potential delisting for Molycorp is still in effect, and suggested that management would engage in a reverse stock split before allowing the stock to be delisted.

China to Eliminate Rare Earth Export Tariffs

On Thursday, China's Ministry of Finance confirmed plans to eliminate export tariffs on rare earths, tungsten and molybdenum, effective May 1, 2015. According to Shanghai Metals Market, China previously imposed export duties of 15 to 25 percent on rare earth products.

Molycorp Gains 77 Percent on Siemens Supply Deal

Shares of Molycorp jumped Wednesday on news that the company has secured a 10-year rare earths supply deal with Siemens. Under the terms of the agreement, Molycorp will supply rare earth materials to Shin-Etsu Chemical, which will produce rare earth magnets for Siemens to use in its high-efficiency, direct-drive wind turbines.

5 Top Rare Earth Stories for Q1 2015

Here's a look at some of the top stories from Rare Earth Investing News from the first quarter of the year. On the list are market commentaries from analysts, a look at companies that attended PDAC and an article on recent discoveries in the sector.

Companies Gain Following Rare Earths Report on 60 Minutes

It isn't every day that rare earths are featured in the mainstream media. However, the rare earths sector was on the rise on Monday following a "60 Minutes" report that looked at the rise of China's dominance in the industry and the importance of rare earths in modern technology.