More About Molycorp $MCP

Linked to the earnings call last month.

Molycorp is a vertically integrated rare earth producer, through its mine in Mountain Pass, California, which supplies raw material to its downstream facilities that produce various rare earth oxides, magnetic alloys and powders, and magnets.

Molycorp is the largest REO producer in the Western hemisphere and the Mountain Pass project is one of the world's largest projects outside of China. One problem for non-Chinese producers is that China produces roughly 90% of the world's rare earth products, which is a market dynamic like the one that resulted in U.S. solar manufacturers being pushed out of business.