Mineweb reported that on Monday, the US Environmental Protection Agency (EPA) fined Molycorp Inc. (NYSE:MCP) US$27,300 for not properly managing hazardous waste at its California-based Mountain Pass facility.
Articles Tagged "NYSE:MCP"
Molycorp Inc. (NYSE:MCP) announced yesterday its financial and operating results for the fourth quarter of 2013 as well as for the year as a whole, commenting that for the entirety of 2013, its sales volume came to 13,118 metric tons, up 42 percent from the previous year.
Christopher Ecclestone, principal of Hallgarten & Company, recently spoke with Rare Earth Investing News about the state of the rare earth market.
2014 should be a better year for rare earth prices, as demand picks up and supplies tighten.
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.
Canadian companies digging for rare earths are getting some assistance from their government with the formation of an industry-led association called the Canadian Rare Earth Elements Network (CREEN).
Molycorp's (NYSE:MCP) stock has been hammered in the past week, losing 26.4 percent over the past five days.
As Chinese rare earths output declines, the start-up of new production elsewhere in the world is at last diversifying the global supply base.
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.