Articles Tagged "NYSE:MCP"

Moody’s Downgrades Molycorp

Rare Earth – Moody's Investor Service has downgraded Molycorp (NYSE:MCP) from Ca to Caa2. The firm has a negative outlook for Molycorp, and its ratings change comes after the company decided to take advantage of a 30-day grace period on a $32.5 million semi-annual payment of its senior secured notes. Moody's noted that Molycorp has said it "intends to use the grace period to continue to evaluate different options to restructure its capital structure."

Don Lay of Medallion Resources Talks Rare Earths Prices

Rare Earth – China removed its export tariffs on rare earths, tungsten and molybdenum at the start of May, and shortly afterwards announced changes to its resource tax regime for rare earths. A number of analysts and market watchers have commented on how those changes might affect rare earths prices — here, Don Lay of Medallion Resources weighs in with his thoughts.