America's largest rare earth shortage of funds the company intends to offer $ 200 million of equity financing
- Details
- Category: Rare Earth News
- Published on Wednesday, 16 October 2013 09:56
- Written by HJF
- Hits: 1539
Beijing on October 15 evening news , the largest U.S. rare earth miner Molycorp Inc (MCP) on Tuesday announced that due to shortage of cash worth $ 200 million program offering stock to raise capital to maintain operations.
Affected by this news , the company's stock price fell nearly 17 percent in early trading Tuesday .
The company said in January this year was through the sale of $ 414 million equity financing to maintain operations, but now these funds will be exhausted soon . As of the end of September , the company's balance sheet and about $ 160 million in cash.
The company with the U.S. Securities and Exchange Commission (SEC) to submit a file that as California Mountain Pass (Mountain Pass) rare earth mine production plan within the time failed to reach the expected level , leading to its rare earth production was lower than expected , which for the first three quarters of this year 's revenue and cash flow caused damage . This rare earth mine current production is only expected in January about 55% . In addition, the company estimates the Mountain Pass mine produced about 49% cerium , which is a low demand for rare earth materials than other products .
Molycorp said that , in addition to declining sales , the global economic slowdown led to tension in the market , price volatility , as well as from illegal mining and the Chinese rare earth enterprises competition and other factors, also caused damage to its cash flow .
The company said it will continue to seek financing from lenders but not yet obtained any firm commitment , is currently assumed that the case can not get a loan operations.
In addition to projects in the public offering , the company also with the rare earth mining companies in Chile Molymet reached a deal to the latter project worth $ 50 million private placement offering of common shares. But if the public offer to be successful, the company expects to need to perform the agreement.
In addition to $ 200 million public offering of stock , the company also granted the underwriters of the offering oversubscribed up to $ 30 million of stock options .
Last week , Molycorp announced the appointment of Chief Operating Officer Geoff Bedford as a new CEO, who will take over from caretaker since last December this position Constantine Karayannopoulos. Bedford 's appointment will take effect on December 2 , Karayannopoulos during the transitional period will continue to serve as interim president and CEO.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
Jiangxi Dingnan rare earth industry chain burgeoned
- Details
- Category: Rare Earth News
- Published on Tuesday, 15 October 2013 18:19
- Written by HJF
- Hits: 1694
Last year , the Jiangxi Provincial Committee of Industry granted Dingnan " Jiangxi rare earth permanent magnet materials and application industry base" , which is the Jiangxi Provincial Committee of Industry Dingnan further develop and expand on the rare earth permanent magnetic materials and application industry , enhance the level of industrial agglomeration and industrial development results achieved fully affirmed.
In recent years, Dingnan resource-based rare earth industry to industry consolidation as a means to develop high value-added processing and application of the depth of the main line industries , and actively guide the various factors of production to large enterprises and depth processing field gathering . Meanwhile, existing enterprises as a platform , to introduce strategic investment and technical cooperation , to develop rare earth deep processing projects and products, extend the industrial chain , and enhance industrial competitiveness, the rare earth industry take large-scale , intensive and effective development of the road. Three Friends , Xinlei , Qi Fei is Dingnan XINLEI Group's three Rare Earth New Materials Co., Ltd. , respectively, the main rare earth smelting , processing and recycling industries. Three mutually Relay - Three Friends extracted from rare earth metals such as neodymium , direct supply of high-performance NdFeB permanent magnet Xinlei raw materials ; XINLEI in NdFeB production of waste generated by the homogeneous fly using hydrochloric acid solution method for optimal recovery ; soar extracted from scrap NdFeB rare earth elements, but also for the supply of rare earth metals smelting three friends . Thus, the limits of rare earth resources to achieve greater intensive use . An industrial byproduct or waste , as another industrial inputs or raw materials, continuous extension of the whole industry chain , is the driving cycle Dingnan a major driving force of economic development .
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
Ten billion rare earth Shouchu cashed involving six months of listed companies
- Details
- Category: Rare Earth News
- Published on Tuesday, 15 October 2013 14:46
- Written by HJF
- Hits: 1664
14 Chinese Society of Rare Earths , said purchasing and storage of rare earth is expected to honor the month , is expected to reach ten billion yuan entire purchasing and storage tray . There are six participating companies , purchasing and storage varieties praseodymium , neodymium oxide, dysprosium and other heavy rare earth . Society of Rare Earths sources said the policy of promoting downstream applications is also brewing in rare earth stocks will usher in the outbreak .
The United States and Europe are on the Chinese rare earth export policy sued to WTO, the outcome of litigation fastest at the end of the outcome. To this end, China is brewing a number of New Deal response to export changing situation , including smuggling crackdown , the proposed introduction of "Rare Management Regulations" , the formation of large groups , and prepare different varieties of rare earth differentiated management. The end of September , at the national level , " self-examination " has ended, this month ushered in more intensive peer review . Meanwhile , the industry is expected to round the heavy rare earth purchasing and storage efforts, some varieties of global purchasing and storage size may exceed 50% of annual consumption . Despite lower demand in general , but a catalyst for continuous fermentation supply contraction will push up the earth offer.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
Rare earth ore prices fell supplier price adjustment
- Details
- Category: Rare Earth News
- Published on Tuesday, 15 October 2013 18:15
- Written by HJF
- Hits: 973
Today, some businesses rare earth market price adjustment , the overall market demand for light , steady price weakness . According to Baotou to industry sources, the current market price praseodymium neodymium metal with 430,000 yuan / ton price , which last week lowered its 10,000 yuan / ton, with no ticket price dropped to 370,000 yuan / ton. But according to other suppliers with understanding, this price is lower at mainstream price , currently Ganzhou region to the supplier of the market now with ticket prices are still 440,000 yuan / ton, unchanged from last weekend .
Today, there are slightly lower erbium oxide supplier market with erbium oxide ticket price to 35 yuan / ton, Ganzhou other local vendors offer is still 360,000 yuan / ton. Another neodymium oxide market , current market prices are still with votes 340,000 yuan / ton, market purchases less demand for light .
Ganzhou Rare Earth Industry Association released in October ionic rare earth ore prices compared with the previous month there are different degrees of reduction , in which yttrium europium -rich ore prices by 10,000 yuan / ton, Long South High yttrium yttrium ore and security far higher ore prices were reduced by 10,000 yuan / ton and 15,000 yuan / ton.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
October 15 Price of rare earth products
- Details
- Category: Rare Earth News
- Published on Tuesday, 15 October 2013 14:35
- Written by HJF
- Hits: 1650
October 15 rare earth products price quotes
| Name | Specifications | Origin / Grade | Reference Price | Price | Change | Date |
| Rare earth carbonate | REO 42.0-45.0% | Domestic | 27000-28000 yuan / ton | 27500 | 0 | 10-15 |
| Lanthanum oxide | La2O3/TREO 99.5-99.9% | Domestic | 27000-28000 yuan / ton | 27500 | 0 | 10-15 |
| Cerium oxide | CeO2/TREO 99.5-99.9% | Domestic | 26000-28000 yuan / ton | 27000 | 0 | 10-15 |
| Praseodymium oxide | Pr6O11/TREO 99.0-99.9% | Domestic | 560000-580000 yuan / ton | 570000 | 0 | 10-15 |
| Neodymium oxide | Nd2O3/TREO 99.0-99.9% | Domestic | 350000-355000 yuan / ton | 352500 | 0 | 10-15 |
| Samarium oxide | Sm2O3/TREO 99.5-99.9% | Domestic | 22000-24000 yuan / ton | 23000 | 0 | 10-15 |
| Europium oxide | Eu2O3/TREO 99.95-99.99% | Domestic | 4800-5000 yuan / kg | 4900 | 0 | 10-15 |
| Gadolinium oxide | Gd2O3/TREO 99.5-99.9% | Domestic | 185000-195000 yuan / ton | 190000 | 0 | 10-15 |
| Terbium oxide | Tb4O7/TREO 99.95-99.99% | Domestic | 4100-4200 yuan / kg | 4150 | 0 | 10-15 |
| Dysprosium oxide | Dy2O3/TREO 99.5-99.9% | Domestic | 1900-2100 yuan / kg | 2000 | 0 | 10-15 |
| Erbium oxide | Er2O3/TREO 99.5-99.9% | Domestic | 360000-370000 yuan / ton | 365000 | 0 | 10-15 |
| Yttrium oxide | Y2O3/TREO 99.995-99.999% | Domestic | 75000-85000 yuan / ton | 80000 | 0 | 10-15 |
| Praseodymium neodymium oxide | (Nd2O3 + Pr6O11) / TREO ≥ 75.0% | Domestic | 350000-355000 yuan / ton | 352500 | 0 | 10-15 |
| Lanthanum metal | La / TREM ≥ 99.0% | Domestic | 53000-55000 yuan / ton | 54000 | 0 | 10-15 |
| Cerium metal | Ce / TREM ≥ 99.0% | Domestic | 60000-65000 yuan / ton | 62500 | 0 | 10-15 |
| Praseodymium | Pr / TREM 96.0-99.0% | Domestic | 590000-610000 yuan / ton | 600000 | 0 | 10-15 |
| Neodymium | Nd / TREM 99.0-99.9% | Domestic | 440000-450000 yuan / ton | 445000 | 0 | 10-15 |
| Metal terbium | Tb / TREM ≥ 99.9% | Domestic | 4800-5000 yuan / kg | 4900 | 0 | 10-15 |
| Dysprosium | Dy / TREM ≥ 99% | Domestic | 3100-3300 yuan / kg | 3200 | 0 | 10-15 |
| Yttrium | Y / TREM 99.9-99.95% | Domestic | 270-290 yuan / kg | 280 | 0 | 10-15 |
| Lanthanum Cerium metal | Ce / TREM ≥ 65.0% TREM ≥ 98.5% | Domestic | 46000-48000 yuan / ton | 47000 | 0 | 10-15 |
| Praseodymium neodymium metal | Pr / TREM 20-25% Nd / TREM 75-80% TREM ≥ 98.5% | Domestic | 445000-455000 yuan / ton | 450000 | -10000 | 10-15 |
| Praseodymium Neodymium Dysprosium metal | TREM ≥ 99.0% | Domestic | 460000-480000 yuan / ton | 470000 | -10000 | 10-15 |
| Battery grade mixed rare earth | TREM ≥ 99.0% Nd / TREM ≥ 15% | Domestic | 135000-145000 yuan / ton | 140000 | 0 | 10-15 |
| Dy alloy | Dy80% | Domestic | 2100000-2200000 yuan / ton | 2150000 | -50000 | 10-15 |
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
sales@chinatungsten.com
闽公网安备 35020602000140号