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Thank you for joining us. I am your host Yohemy Auerbach at CRWE Newswire Stocks to watch. Molycorp Incorporated - symbol MCP - has reached an agreement with Hitachi Metals to supply the company with rare earth magnetic materials. The three-year deal, which extends and expands upon an existing supply relationship between the companies, significantly increases the amount of rare earth materials that Molycorp will provide Hitachi Metals. Molycorp reported for the second quarter of 2011 revenue of $99.6 million, Up 278% over the prior quarter and more than 52 times the revenue generated in the same period a year ago. Molycorp is the only rare earth oxide producer in the Western Hemisphere and the largest rare earth oxide producer outside of China. Thank you for tuning in, have a great day. For CRWE Newswire, Stocks to watch, I’m Yohemy Auerbach.
Molycorp (MCP) Supply...
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Added: 283 days ago
By: karmastock
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Welcome to CRWENewswire, Stocks to Watch. I am Shalika Jayasekera. Molycorp Inc MCP - reported that it has been granted authorization from the U.S. Bureau of Land Management to commence exploratory drilling at an occurrence of heavy rare earths located near its flagship rare earth manufacturing facility at Mountain Pass, California. Preliminary exploration at the site has shown rare earth mineralization with an average ore grade of approximately four percent and a relatively high percentage of heavy rare earths, such as terbium, dysprosium, europium and samarium, as well as relatively high percentages of yttrium, neodymium, and praseodymium. Molycorp is the only U.S-based company that is fully integrated across the rare earth mine-to-magnets supply chain. Thanks for joining me and have a great day! For CRWE Newswire, Stocks to watch, I’m Shalika Jayasekera
Molycorp (MCP) Gets Govt...
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Added: 157 days ago
By: karmastock
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