$MCPIQ News

Last published 9y ago

9y agoMCPIQOaktree-Backed Molycorp Legacy Firm Is Weighing IPO, SaleBloombergAdvanced materials producer Neo Performance Materials Inc., carved from the remains of bankrupt Molycorp Inc., is weighing an initial public offering or an outright sale, according to people familiar with the matter.
10y agoCG MCPIQMolycorp Cleared for Auction as `Monopoly Money' Fight LoomsBloombergMolycorp Inc. won court permission to put itself up for auction in March, even as bondholders complain that Oaktree Capital Management LP is trying to take over the rare-earth mining company using “Monopoly money.”
10y agoMCPIQMolycorp Said to Push Ahead With Plan as Creditor Talks FailBloombergMolycorp Inc. is moving forward with a restructuring plan that some creditors said would benefit its senior lender, Oaktree Capital Management LLC, after a mediation aimed at devising a new plan failed, according to people with knowledge of the matter.
11y agoMCPIQMolycorp's Biggest Shareholder Molymet Planning to Bid on Miner's AssetsBloombergMolycorp Inc.’s biggest shareholder, Chile’s Molibdenos y Metales SA, is planning to bid on some or all of the company’s assets in bankruptcy, according to three people with knowledge of the matter.
11y agoMCPIQMolycorp to Skip Interest Payment Amid Debt Restructuring TalksBloombergMolycorp Inc. said it will miss a $3.36 million semi-annual interest payment due Monday as it negotiates with creditors to restructure its debt.
11y agoMCPIQChina Export Tax Decision to Boost Rare Earth Demand, Lynas SaysBloombergChina’s decision to scrap export quotas and taxes on rare earth elements may boost stalled demand for the products, according to Lynas Corp.
11y agoAONE BX MCPIQMolycorp Creditors Said Poised to Engage Blackstone, WeissBloombergA group of Molycorp Inc.’s junior bondholders led by Apollo Global Management LLC is close to hiring Blackstone Group LP and law firm Paul Weiss Rifkind Wharton & Garrison LLP to advise them on restructuring talks with the rare-earths miner, according to two people with knowledge of the matter.
12y agoMCO MCPIQBlack’s Apollo Said to Pursue Molycorp BondsBloombergApollo Global Management LLC is snapping up bonds of Molycorp Inc., putting Leon Black’s hedge fund in a position to control the miner of rare metals if it seeks to restructure its $1.5 billion of debt, according to two people with knowledge of the matter.
12y agoMCPIQ AAPLPentagon Less Dependent on China Rare Earths, Report SaysBloombergChina’s virtual monopoly on rare earth elements used in high-technology applications has been loosened, reducing the risk that supplies to U.S. defense contractors could be disrupted, according to the Pentagon’s latest assessment of the nation’s industrial base.
13y agoMCPIQ DIS GRPN MNSTU.S. Stock-Index Futures Advance Before Payrolls ReportBloombergU.S. stock-index futures rose, after the Standard & Poor’s 500 Index posted its biggest drop in 10 weeks yesterday, as investors awaited a report on payrolls for signals on the duration of Federal Reserve stimulus.
13y agoMCPIQMolycorp Jumps on Mountain Pass Project CompletionBloombergMolycorp Inc., owner of the largest rare-earth deposit outside of China, rose the most in 12 weeks after saying it completed a project that will more than double output and cut costs at a California facility.
13y agoAL BAC MCPIQU.S. Stock Futures Advance as G-7 Finance Ministers MeetBloombergU.S. stock futures rose, signaling the Standard & Poor’s 500 Index will extend a third week of gains, amid speculation central banks will maintain stimulus measures as Group of Seven finance chiefs meet.
13y agoMCPIQMolycorp Loss Wider Than Estimated Amid Rare-Earth Mine DelaysBloombergMolycorp Inc., owner of the largest rare-earth deposit outside China, reported a wider-than-expected loss after the company missed a production target and prices for the commodities declined.
13y agoMCPIQBrazil’s Richest Family Forging $13 Billion Niobium DreamBloombergIn 1965, U.S. Navy Admiral Arthur W. Radford persuaded Walther Moreira Salles, a Brazilian banker and former ambassador to the U.S., to back a venture to produce something called niobium.
13y agoMCPIQMolycorp Appoints Karayannopoulos as CEO After Mark Smith ExitsBloombergMolycorp Inc., the U.S. owner of the largest rare-earths deposit outside of China, appointed Constantine Karayannopoulos as interim chief executive officer to replace Mark Smith, who left the company.
13y agoLLY DLB T VZ+5U.S. Stock Futures Rise Amid Fed Support SpeculationBloombergU.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend a five-week high, amid speculation the Federal Reserve will expand stimulus measures and as lawmakers continued talks on the budget.
14y agoMCPIQMolycorp Probed by SEC for Accuracy of Its DisclosuresBloombergMolycorp Inc., the owner of the largest rare-earth deposit outside of China, said it’s being investigated by the U.S. Securities and Exchange Commission over the accuracy of the company’s public disclosures.
14y agoMCPIQMolycorp Loss Beats Estimates as Rare-Earth Sales RiseBloombergMolycorp Inc., owner of the largest rare-earth deposit outside China, posted a smaller-than-expected quarterly loss as sales rose after customers began returning to the market.
14y agoMCPIQChina Cuts Rare-Earths Mine Permits by 41 Percent, Journal SaysBloombergChina has reduced the number of permits to mine rare earths by 41 percent as it seeks to strengthen control of production of the metallic elements used in batteries and magnets, the China Securities Journal reported.
14y agoORCL SKUL GOOGL ELY+2Hitachi Metals, Zumbox, Apple: Intellectual PropertyBloombergHitachi Metals Ltd., a Japanese maker of specialty metal products, filed a U.S. trade complaint against more than two dozen companies, seeking to block imports of competitors’ rare-earth magnets used in electronics, golf ball markers and power tools.
14y agoATVI MCPIQ TBBK BA+11U.S. Stocks Rise to Highest Level Since May on Jobs DataBloombergU.S. stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since May, after data showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high.
14y agoMCPIQ TUNGEngland Challenges China by Reviving Strategic Mine: CommoditiesBloombergAn English mine last used to make armaments to defeat Hitler’s forces will be revived to challenge China’s grip on tungsten, among strategic metals at the heart of a deepening trade dispute with Europe and the U.S.
14y agoAONE MCPIQRare-Earth Complaint May Backfire for U.S., Lifton SaysBloombergA complaint filed at the World Trade Organization over Chinese rare-earth export quotas may backfire on the U.S., according to Jack Lifton, a consultant who advises rare-earth companies.
14y agoMS AAPL GM MCPIQRare-Earth Bust Spurs Molycorp’s Biggest Takeover Bet: Real M&ABloombergMolycorp Inc., after losing two-thirds of its value in 10 months as demand for rare-earth metals imploded, is now seeking to boost shareholder returns with its biggest takeover yet.
14y agoMS MCPIQMolycorp Agrees to Acquire Neo Material for $1.3 BillionBloombergMolycorp Inc., owner of the largest rare-earth deposit outside of China, agreed to buy Canada’s Neo Material Technologies Inc. for about C$1.3 billion ($1.3 billion) to increase Chinese sales and gain technology used to make magnets.
14y agoGOOGL MS BAC AONE+5News Corp., Amazon, JPMorgan, Apple, Monsanto in Court NewsBloombergNews Corp. agreed to pay 600,000 pounds ($952,000) to Charlotte Church, the U.K. pop star, and admitted its News of the World tabloid hacked her mobile-phone messages for “many years,” starting when she was 16 years old.
14y agoMCPIQMolycorp Says Rare Earth Price Plunge May Crimp New Mine FundingBloombergMolycorp Inc., owner of the largest rare earth mine outside China, says new developers may face difficulty funding new operations after prices plunged.
15y agoDIS SREV NLST MCPIQ+8Allegheny, ConAgra, Green Mountain, Harman: U.S. Equity MoversBloombergShares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 11 a.m. in New York.
15y agoMCPIQMolycorp Falls After Cutting 2011 Rare-Earth Production ForecastBloombergMolycorp Inc., owner of the largest rare-earth deposit outside China, fell 14 percent after cutting its 2011 production forecast and posting third-quarter profit and revenue that missed analysts’ estimates.
15y agoRRGB AMD AL JWN+1Molycorp, Nordstrom, Nvidia: U.S. Equity PreviewBloombergShares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 5:12 p.m. in New York.
15y agoCCL MS MCPIQ AAU.S. Index Futures Advance; Alcoa Shares Climb in German TradingBloombergU.S. stock-index futures rose, indicating that the Standard & Poor’s 500 Index may extend its biggest gain in a month.
15y agoDKS GLW NLY MCPIQ+2Borders, Carnival, Molycorp, Tutor Perini: U.S. Equity PreviewBloombergShares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.
15y agoMCPIQMolycorp May Need Extra $200 Million for Output Boost, CEO SaysBloombergMolycorp Inc., owner of the world’s largest rare-earth deposit outside China, said a proposed doubling in production would require investment of an extra $100 million to $200 million.
15y agoMCPIQMolycorp Surges After Rare-Earth Outlook Raised by DahlmanBloombergMolycorp Inc., owner of the world’s largest non-Chinese, rare-earth metals deposit, surged after analysts at Dahlman Rose increased price targets for the company and the metals it plans to produce.
15y agoWFC TSN C GS+14LPL, Molycorp, PolyOne, ReachLocal, Zogenix: U.S. Equity MoversBloombergShares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 11:15 a.m. in New York.
15y agoMCPIQBridgestone, Idemitsu, Pigeon, Toshiba: Japan Equity PreviewBloombergThe following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
16y agoMCPIQMolycorp to Supply Rare Earths to Grace for CatalystsBloombergMolycorp Inc., owner of the world’s largest non-Chinese deposit of rare-earth metals, agreed to supply U.S. chemical producer W. R. Grace & Co. for as long as eight years with an element used in petroleum processing.
16y agoMCPIQMolycorp Says Rare Earth Prices Are ‘Sustainable’BloombergMolycorp Inc., owner of the world’s, largest non-Chinese deposit of rare-earth metals, said the surge in prices is sustainable because of production and exports cuts by China, the world’s biggest supplier.
16y agoC JPM MCPIQEurope Commodity Day Ahead: Vale Says India May Play Bigger RoleBloombergThe following are the top stories on metals, agriculture and shipping.
16y agoMCPIQBridgestone, KDDI, NEC, Shionogi, Yahoo: Japan Equity PreviewBloombergThe following companies may have unusual price changes in Japanese trading on Oct. 25. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.