SeekingAlpha  Aug 1  Comment 
By Shock Exchange: Picture: From The Movie, "Barbarians At The Gate" For a company with an equity market capitalization of less than $1 billion, Molycorp, Inc. (NYSE:MCP) has been the subject of rabid speculation by both longs and shorts....
Benzinga  Aug 1  Comment 
Citigroup Inc. (NYSE: C) and Lexington Partners ("Lexington") announced today that they have entered into a definitive agreement whereby Citi will sell 80% of its $1.5 billion limited partnership interest in Metalmark Capital Partners II (“MCP...
SeekingAlpha  Jul 31  Comment 
By Shock Exchange: (click to enlarge) Picture from the movie "Trading Places" Molycorp, Inc. (NYSE:MCP) is set to announce its Q2 earnings next week and the report will answer a lot of questions on earnings, cash burn, backdoor takeovers,...
SeekingAlpha  Jul 30  Comment 
By Shock Exchange: This morning I read the following comment on my previous article: Commenter: It seems that Molycorp is going straight into a new chapter 11. I immediately took a look at the Bloomberg article the commenter referred to,...
Commodity Online  Jul 30  Comment 
In addition, Mr. Morris is the senior principal and Chairman of the Board of Andre, Morris and amp; Buttery, a professional law corporation. From 2000 to late 2006, Mr. Morris served on the board of Molycorp, Inc., which at the time was a wholly...
SeekingAlpha  Jul 28  Comment 
By Shock Exchange: As Molycorp Inc. (NYSE:MCP) prepares to report Q2 earnings, I thought it would be a good time to prepare investors for a potential goodwill impairment charge. Molycorp's $1.2 billion acquisition of Neo Material Technologies in...
SeekingAlpha  Jul 24  Comment 
ByIAEResearch: Molycorp (NYSE:MCP) is one of the largest manufacturers of custom-engineered rare earths. The company has been under a lot of pressure over the last two years due to the falling rare earths prices. The stock has lost about 62%...
Motley Fool  Jul 22  Comment 
Retail (non-professional) investors in Molycorp are playing a dangerous game of chess against professional investors, lawyers, and financial experts with substantially more experience and resources.
Motley Fool  Jul 20  Comment 
With its cash reserves dwindling, and its stock price falling, are there any more chapters left in the Molycorp story?
SeekingAlpha  Jul 19  Comment 
By Fabrizio Valerii: Introduction Molycorp Inc. (NYSE:MCP) is "a leading global rare earths producer that operates a vertically integrated, global supply chain that combines a world-class rare earths resource with manufacturing facilities on...


Molycorp (NYSE:MCP) mines rare earth elements (REE) and sells them to business which use them for specified applications. The oxides, metals, alloys, and magnets the company makes are used in hybrid vehicles, wind turbines, fiber optics, lasers, and many defense applications. Molycorp is the largest rare earth oxides (REO) producer in the Western Hemisphere and is among the largest in the world.[1]

The consumers of the rare earth elements that Molycrop produces tend to fall into 4 main industries clean energy, high technology applications, military defense, and advanced water treatment.[2]The United States currently imports the majority of its rare earth elements from China, but there has been an increasing governmental push to decrease this dependency. Based on this, Molycorp has applied for a $280M loan guarantee from the Department of Energy. While the loan is still in its approval phases, the high usage of REEs in both clean and defense technology is expected to increases the chances that Molycorp will receive the loan.[3]

According to the Industrial Minerals Company of Australia, the demand for these types of rare earth elements is expected to increase by 4%-5% each year excluding China. In addition, many countries have announced that they plan to stockpile rare earth elements to ensure that they maintain a large enough supply to actively provide defense contracts as they become necessary.[2]

The company's initial public offering occurred on the 28th of July on the New York Stock Exchange. The deal priced at $14, which was below the $15-$17 initial price range. The company offered 28.1M shares, making the total deal $394M. The lead underwriters for the deal were J P Morgan Chase (JPM) and Morgan Stanley (MS).[4]

For FY2009 with year ended 31 December 2009, the company reported total revenues of $7 million. The company began in June of 2008, so there is no annual data to compare this performance. However, the company recorded only $2.1M in revenue in the 6 months of 2008 that it operated. Despite the rising revenue figures, net income for 2009 was -$28.6M. The company will likely remain with a net loss of $7.7M for the 3 months ended in March 2010.[5]


  1. MCP S-1A 2010 "Prospectus Summary" pg1
  2. 2.0 2.1 MCP S-1A 2010 "Industry Overview" pg 4
  3. Earth2Tech "Molycorp Betting on IPO to Open Federal Purse for Rare Earth" 26 July 2010
  4. Renaissance Capital - IPO "Molycorp estimates IPO price of $14 per share" 29 July 2010
  5. MCP S-1A 2010 "Summary Consolidated Financial Data" pg 14
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