Molycorp expects lower-than-expected revenue for 2013
Jan 10 (Reuters) - Molycorp Inc said it expected lower-than-expected revenue and cash flow for 2013 due to lower rare-earth prices, sending its shares down 13 percent before the bell.
The company said it was evaluating its capital needs for 2013 as it ramps up its rare-earth manufacturing complex in Mountain Pass, California.
Molycorp's shares, which closed at $10.79 on Wednesday, fell to $9.44 in premarket trading on Thursday. (Reporting by Sandhya Vijayan in Bangalore; Editing by Maju Samuel)
© Thomson Reuters 2016 All rights reserved.