- Molycorp (OTCPK:MCPIQ) says the fate of its Mountain Pass, Calif., rare earths facility is still up in the air but that a complete shutdown is not an option.
- Molycorp says it is weighing a number of options for the operation, and 40-200 of 400 total jobs could be saved, depending on how much of the facility the company decides to keep running while it addresses its $1.7B debt, Dow Jones reports, citing newly filed bankruptcy court papers.
- Lenders have been eyeing MCP's profitable Neo processing business but fretting over money-losing Mountain Pass; the company says it needs both businesses for long-term profitability in a market where any shift in policy from China can reset the picture dramatically.