Molycorp considered rare earth demand and prices may rebound from the bottom of history

Molycorp CEO recently said rare earth demand and prices are likely to rise from the bottom of history .

Operating income in the third quarter of this year from last year's $ 205 million down to $ 1.49 , but an increase of 9 % from the previous quarter loss of $ 65 million reduction .

This result reflects , " We have seen the worst in recent memory of a quarter , " CEO Konstantin told reporters

"The Chinese government against illegal mining and smuggling of rare earth to help " rare earth prices stable on the surface , " to promote the industry 's needs and price return .

Morley is Mountain Pass mine in California $ $ 125 million capital increase is expected in the quarter in full production, annual output of 40,000 tons of promoting the realization of the ultimate goal .


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