Molycorp sees negative cash flow in third quarter

Tue Oct 15, 2013 7:13am EDT
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Oct 15 (Reuters) - U.S. rare earths company Molycorp Inc said it expects to generate a negative cash flow in the third quarter and its cash cushion has dwindled to insufficient levels.

Molycorp also said it would be unable to sell a substantial portion of the cerium production from its main mine, Mountain Pass in California, in 2014. ()