Articles Tagged "NYSE:MCP"

Molycorp Closes $400 Million Financing

Molycorp Inc. (NYSE:MCP) has closed its previously announced financing, whereby Oaktree Capital Management will provide the company with up to $400 million in secured financing by way of credit facilities and the sale and leaseback of certain equipment at Molycorp's Mountain Pass facility.

Rare Earths Producers Still Beholden to Chinese Supply

In an article for Tradingfloor.com, Adam Courtenay suggests that the performance of rare earths producers such as Australia's Lynas Corp (ASX:LYC) and Molycorp (NYSE:MCP) is still tied to how much rare earths supply China releases into the market. However, the author saw things looking up overall for producers outside of China.