Molycorp's Mountain Pass chloralkali plant is complete, shares +7%

|By:, SA News Editor

Molycorp (MCP) +6.9% premarket after announcing that the chloralkali plant at Mountain Pass, Calif., is now mechanically complete and full-scale commissioning operations have begun.

The plant will recycle wastewater and produce hydrochloric acid and caustic soda used as part of the rare earth separations process.

Once fully operational and optimized, the chloralkali plant is expected to help the facility achieve its cash production cost targets, which MCP believes will make it competitive with the lowest cost producers globally.

The final unit of its multi-stage cracking plant at Mountain Pass also is now mechanically complete and is being commissioned.