Look like rare earths market investors are still not sold on Molycorp (NYSE: MCP).
Via Motley Fool: “Molycorp is rapidly increasing production but the company is still losing money on rare-earth minerals. The big question for investors is: What will happen to prices and profits when production goes from 7,000 metric tons to 40,000 metric tons?”
Current Rare Earths Price Trends:
After falling 9.2 percent, dysprosium oxide landed much lower, making it the week’s biggest mover on the weekly Rare Earths MMI®. Praseodymium neodymium oxide prices fell nearly $2,000 per metric ton from a week ago. Lanthanum oxide prices were off slightly more than $100 per metric ton from a week ago.
Cerium oxide traded sideways last week. Europium oxide prices held steady from the previous week, and neodymium closed flat.
Much of the rest of the rare earths complex remained flat.
The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.