Molycorp expects lower sales amid project delays
Jan 10, 2013 | 02:47 PM
| Thorsten Schier
Tags
Molycorp,
rare earths,
Mountain Pass,
Thorsten Schier
NEW YORK — Rare earths producer Molycorp Inc. expects lower-than-expected revenue and cash flow for 2013 due to the delayed ramp-up of its Mountain Pass mining complex and "the current rare earths pricing environment," the company said Thursday.
Molycorp has now completed all key production components at Mountain Pass and expects the facility to reach its full Phase 1 run rate of 19,050 tonnes of rare earths production annually by midyear, it said. ....
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