Molycorp (MCP) Modifies Contract for Better Lanthanum Pricing at California Facility
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Molycorp, Inc. (NYSE: MCP) reports one of its major supply contracts has been modified to allow for a higher maximum price to be paid to Molycorp for the lanthanum it manufactures in 2011 and 2012 at its current Mountain Pass, California operating facility for this customer.
Modifications to the supply contract, which covers production in 2011 and 2012, are effective July 1, 2011. Terms were not disclosed.
Modifications to the supply contract, which covers production in 2011 and 2012, are effective July 1, 2011. Terms were not disclosed.
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