Articles Tagged "NYSE:MCP"

China’s Weakening Hold on the Global Rare Earths Market

China was once responsible for over 90 percent of global rare earths production, allowing it to restrict exports and manipulate prices. However, following a WTO ruling against that practice earlier this year and moves to crack down on illegal mining, China's share of global rare earths production could be dropping.

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.