Molycorp (MCP) +5.3% AH after announcing the start-up of operations at its Project Phoenix...

|By:, SA News Editor

Molycorp (MCP) +5.3% AH after announcing the start-up of operations at its Project Phoenix facilities at Mountain Pass, Calif., which will produce heavy rare earth concentrate to be processed into high-purity, custom-engineered heavy rare earth products. An on-site combined heat and power plant will begin feeding power and steam this week to the facilities.