Articles Tagged "United States"

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."

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.

Prices Are Up for Magnet Rare Earths

Critical metals investors will no doubt have noticed reports that rare earths export prices from China fell last year relative to 2013. However, in conversation with Resource Investing News, Jon Hykawy, president and director of Stormcrow Capital, noted that prices for materials used in rare earth magnets have actually risen, shedding a little more positivity on the sector.

USGS says Countries in Need of Non-Chinese REE Supply

A recent report from the US Geological Society has reiterated the importance of finding rare earth element supplies outside of China, especially for countries dependent on new technologies. According to Mineweb, countries such as Japan, the US and members of the European Union are trying to encourage the discovery and development of rare earth deposits outside of China.