Molycorp (MCP) Shares Moving Lower as Reuters Says Sumitomo Can't Find Japanese Clients
Tweet
Share
E-mailGet Alerts MCP Hot Sheet
Join SI Premium – FREE
Reuters reporting Sumitomo Corp., the company whose recent $130 million financing agreement with Molycorp (NYSE: MCP) is currently delayed, is having issues finding Japanese customers for light rare earth materials.
Rumors suggest clients in Japan are cautious on the group as the potential for alternative sources.
After opening in positive territory, Molycorp shares are currently down 1.7 percent to $47.23.
Rumors suggest clients in Japan are cautious on the group as the potential for alternative sources.
After opening in positive territory, Molycorp shares are currently down 1.7 percent to $47.23.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC (HSBC) Cuts a Dozen Asia Dealmakers - Reuters
- Nutrien (NTR) Aims To Divest Retail Operations in Argentina, Chile, Uruguay - Bloomberg
- Informatica (INFA) jumps as Salesforce (CRM) reportedly eyes new mega takeover
Create E-mail Alert Related Categories
Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
