January 23, 2013 at 17:03 PM EST
Molycorp Warns Of Shortfall
Molycorp Inc. (NYSE: MCP) warned of that revenue for the first half of 2013 would fall far short of its previous forecast and announced plans to sell $200 million worth of common shares and $100 million in convertible senior notes. Shares of the rare earth metals company fell 95 cents to close at $7.88.
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