Resumen de Molycorp to mothball Mountain Pass
"It is fair to say that the speed with which Mountain Pass can be restarted will depend in part on whether the US government decides to lend any active support to a restart effort," the spokesperson said. "Can production be restarted there? Absolutely. Mountain Pass is a strategic, national asset to the US and the West." While its tungsten products also performed poorly, the company's rare earths business realised a loss of Rmb 9.6m ($1.5m) in the first half of the year on a 15.8% lower rare earth product turnover of Rmb 317m ($49.9m).
Inner Mongolia, one of the most important provinces for rare earths production in China, exported 2,664 tonnes rare earths in July, up 36.5% y-o-y. Average export prices were down by 34.7% y-o-y, standing at Rmb 32,000/tonne ($5,024/tonne), however.
