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Last $0.56 USD
Change Today -0.04 / -6.61%
Volume 2.6M
MCP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

molycorp inc (MCP) Snapshot

Open
$0.60
Previous Close
$0.61
Day High
$0.62
Day Low
$0.56
52 Week High
05/29/14 - $2.98
52 Week Low
01/23/15 - $0.28
Market Cap
157.1M
Average Volume 10 Days
4.8M
EPS TTM
$-1.94
Shares Outstanding
278.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MOLYCORP INC (MCP)

molycorp inc (MCP) Related Businessweek News

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molycorp inc (MCP) Details

Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, including light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which include samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products. This segment’s products are used in oil refinery catalyst, glass polishing, automotive and emission catalysts, water purification, and energy efficiency lighting applications. Its Chemicals and Oxides segment produces REO, and other custom engineered materials, salts of rare earth elements, zirconium-based engineered materials, and mixed rare earth/zirconium oxides for various applications, such as catalytic converters, computers, television display panels, optical lenses, mobile phones, electronic chips, and others. The company’s Magnetic Materials and Alloys segment produces Neo Powders for use in micro motors, precision motors, sensors, and other applications; and neodymium and samarium magnet alloys, other specialty alloy products, and rare earth metals for use in computing, automotive, aerospace, health care, industrial motors, wind power generation, battery technologies, consumer electronics, and home appliance markets. Its Rare Metals segment produces, reclaims, refines, and markets gallium, indium, rhenium, tantalum, and niobium for use in wireless technologies, light-emitting diode, flat panel display, turbine, solar, catalyst, steel additive, electronics, and other applications. The company sells its products directly to customers; and through distributors. Molycorp, Inc. was founded in 2010 and is headquartered in Greenwood Village, Colorado.

2,500 Employees
Last Reported Date: 03/16/15
Founded in 2010

molycorp inc (MCP) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $600.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $384.6K
Executive Vice President and General Counsel
Total Annual Compensation: $390.0K
Compensation as of Fiscal Year 2014.

molycorp inc (MCP) Key Developments

Molycorp, Inc. Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015

Molycorp, Inc. announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. The company reported higher production volumes in the first quarter of 2015 at its Mountain Pass, California rare earth facility of 1,479 metric tons (mt) of rare earth oxide (REO) equivalent. This was an 11% increase over the fourth quarter 2014 production of 1,328 mt. For the quarter, the company reported revenues of $106,424,000 against $118,526,000 a year ago. Operating loss was $54,901,000 against $51,017,000 a year ago. Loss before income taxes and equity earnings was $99,078,000 against $86,182,000 a year ago. Net loss attributable to company was $102,334,000 against $86,061,000 a year ago. Loss attributable to common stockholders was $102,334,000 against 88,907,000 a year ago. Basic and diluted loss per share was $0.42 against $0.40 a year ago. Net cash used in operating activities was $72,885,000 against $45,785,000 a year ago. Capital expenditures were $6,333,000 against $29,752,000 a year ago. Adjusted net loss attributed to common stockholders was $69,851,000 against $63,873,000 a year ago. Adjusted net loss per share was $0.28 against $0.29 a year ago. OIBDA was $24,048,000 against $27,669,000 a year ago. Adjusted OIBDA – Consolidated was $8,447,0000 against loss of $2,472,000 a year ago.

Molycorp, Inc. Proposes Amendment to Amended and Restated Certificate of Incorporation

Molycorp, Inc. at its Annual Meeting of stockholders to be held on June 25, 2015, proposed amendment to amended and restated certificate of incorporation, as amended, to effect a reverse stock split of the company's common stock.

Siemens AG Selects Molycorp, Inc. to Supply Rare Earths for Use in High-Efficiency Siemens Wind Turbine Generators

Siemens AG has selected Molycorp, Inc. to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens' high-efficiency, direct drive wind turbine generators. Molycorp will supply rare earth materials to Shin-Etsu Chemical Co. Ltd. which will produce the rare earth magnets Siemens intends to utilize in its wind turbines. Siemens officials noted that key factors in choosing Molycorp were Molycorp's ability to provide greater global diversification and reliability to its supply chain, as well as the environmental and process innovations Molycorp has built into its Mountain Pass rare earth facility. Among those innovations are the facility's ability to recycle water, regenerate the chemical reagents needed in rare earth production, generate power from a high-efficiency natural gas cogeneration power plant, and dispose of mine tailings through an innovative paste tailings system.

 

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