Resumen de Molycorp: Long term contracts will be the future for rare earths
"In terms of delivering on our promises, it's taken longer than expected, but over the next few quarters we expect continuous output," [Karayannopoulos] told IM, adding: "We are very close; we really need to deliver what we promised." "In the last 20 years, it's been totally impossible to enter into long term contracts," Karayannopoulos explained. "There's always been a group in the industry that made it impossible to offer long term pricing but some of the industry are eager for longer term contracts. The automotive industry want three year contracts," he said.
At Mountain Pass, "the cost of production will improve as we see more volumes and we should be able to see improvements quarter after quarter," Karayannopoulos said. "It's a tricky time when you are transitioning from a start up operation to a producer," he added.
