Molycorp (MCP) CEO Mark Smith says in the Q3 report that expansion of the Mountain Pass...
Molycorp (MCP) CEO Mark Smith says in the Q3 report that expansion of the Mountain Pass rare earth project in California is on track to be completed by the year-end, but warns the cost likely will exceed the $895M budgeted. Mountain Pass is expected to produce more than 19K metric tons/year of rare earths at its Phase 1 capacity, with the potential to expand output up to 40K/year.
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