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Molycorp Inc. was an American mining corporation headquartered in Greenwood Village, Colorado. [1] The corporation, which was formerly traded on the New York Stock Exchange, [2] owned the Mountain Pass rare earth mine in California. It filed for bankruptcy in June 2015 after changing competitive circumstances, declining prices on output and a ...
But this year, the stock is down 32.2%, and there is a lot less optimism that rare earth mineral prices. ... Prices peak What really drove Molycorp's stock price down in 2011 ...
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What: Shares of rare-earth miner Molycorp (NYS: MCP) fell 14% today after the company released earnings. So what: Revenue surged 39% from the second quarter to $138.1 million but fell short of the ...
In 2008, Chevron sold the mine to privately-held Molycorp Minerals LLC, a company formed to revive the Mountain Pass mine. Molycorp announced plans to spend $500 million to reopen and expand the mine, and on July 29, 2010, it raised about $400 million through an initial public offering , selling 28,125,000 shares at $14 under the ticker symbol ...
The company has suffered from falling rare-earth prices and the. On a day that the Dow Jones Industrial Average set another new record high, shares of Molycorp hit a new 52-week low, closing just ...
MP Materials Corp. is an American rare-earth materials company headquartered in Las Vegas, Nevada. MP Materials owns and operates the Mountain Pass mine, the only operating rare earth mine and processing facility in the United States. [10] The rare earth materials industry is dominated by China, which produces 60% of the world's rare earth ...
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