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

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.

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Comments (6)
  • AndrewBaker
    , contributor
    Comments (2716) | Send Message
    Quote from a recent Molycorp press release: "Molycorp is the only advanced material manufacturer in the world that both controls a world-class rare earth resource and can produce high-purity, custom engineered rare earth products to meet increasingly demanding customer specifications."


    I marked Molycorp (MCP) as a multi-bagger at a far higher price than it's trading at now. Now it's a multi-multi-bagger, IMHO. I'm adding to my existing holdings: it will at least double in the next 12 to 24 months.
    2 Oct 2013, 08:46 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (7203) | Send Message
    (MCP) still $7. Still a good buy.
    2 Oct 2013, 09:37 AM Reply Like
  • Jason Burack
    , contributor
    Comments (2155) | Send Message
    Great news for Molycorp. It will probably take a few months to work out all the bugs operationally at those but those 2 facilities online will drastically lower production costs.
    2 Oct 2013, 01:18 PM Reply Like
  • Jason Burack
    , contributor
    Comments (2155) | Send Message
    I believe MCP is still projecting around $9/ton REO production once all those are online and working as planned.
    2 Oct 2013, 01:20 PM Reply Like
  • GoGowadof100s
    , contributor
    Comments (128) | Send Message
    This stock has plenty of upside. They will certainly announce the completion of a revolving credit facility on top of this news soon.


    Does Lynas troubles = increased volumes for MCP?
    2 Oct 2013, 09:44 PM Reply Like
    , contributor
    Comments (1149) | Send Message
    While good news, problem still is that REE prices are unstable. Much of their production has by product that is not being sold at or near where need to to make it profitable. The plant that is up and running (hopefully well) is great news the problem remains. The upside is there IF the plant is functional and meets the expectation of promised savings and profits come in.


    3 Oct 2013, 10:17 AM Reply Like
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