NEWS! MCP & Siemens Deal will bring BILLION

New Post Public Reply Private Reply Replies (0) Message Board
mellon Pharaoh #36
NEWS! MCP & Siemens Deal will bring BILLION DOLLARS


April 20, 2015 by Duncan Oleinic


Molycorp Inc (NYSE:MCP) Successfully Acquires a 10 Year Deal with Siemens, But Will it be Enough

Molycorp Inc (NYSE:MCP) has successfully acquired a massive contract to supply rare earth metals, for the next 10 years, to Siemens. The materials are targeted to be used in Siemens direct drive wind turbines. The company has chosen its Mountain Pass facility in California for this purpose. The deal directs Molycorp to supply the rare materials to Shin-Etsu Chemical Co. Ltd. Shin-Etsu will then develop rare earth magnets from these materials and supply them to Siemens for the generators.

The announcement of the deal propelled the MCP stock by 77%. Officials at Siemens indicated that Molycorp was chosen due to its ability to provide global diversification and reliability in its supply. Additionally, the company has attractive environmental and process innovations built into its Mountain Pass facility. The facility makes use of recycled water, regenerated chemical reagents. Even the power is produce with the help of a high efficiency natural gas cogeneration plant. Additionally, the company disposes of mine tailings through a paste tailings system.

The partnership between the two companies is one that can add to the betterment of the environment. Siemens provides power generation/transmission to smart grid solutions and efficient applications. The last quarter saw Siemens reporting $14.8 billion in revenues, with $1.5 billion in profits. Currently, the companies wind power and renewable sources contribute 4% to the profit. With these numbers on the rise, there is a great prospect for Molycorp to make billions through this deal.

The problem for Molycorp, however, is the shortage of cash. Recent financial results had indicated that the company might run out of cash by the end of this year. The company might be able to save itself through stock dilution, but the agreement of the contract reflects that Siemens believes that MCP would be around for the next 10 years. Dilution of MCP is definitely on the cards, but as the deal progresses it could very well bounce back very quickly.

Molycorp Inc (NYSE:MCP) closed at $0.801, gaining a 2.55% on April 20. The company currently trades 277.96 million shares in the market, with a 52-week range of $0.28-$5.15.
Tags: Molycorp Inc (NYSE:MCP), NYSE:MCP


http://wallstreetpr.com/molycorp-inc-nysemcp-...ough-34767

Molycorp, Inc. (MCPIQ) Stock Research Links

MCPIQ Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

iTLC Traffic Systems Expand Global Reach at APTA 2026

Updated Category News Views 126

APTA 2026: The Launchpad for Intelligent Traffic Control Forget the days of manual traffic chaos—by the sounds of it, smart intersections are ready to rule the roads. Today's chatter at APTA 2026 in Chicago was a whirlwind of ideas, all centered around how ICP DAS and Towards Buddha Co., Ltd. plan to shake up traffic management globally with their iTLC Intelligent...

Continue Reading
Main Street Merger Faces Scrutiny: What It Means for Shareholders

Updated Category News Views 51

Under the Radar, but Not for Long Ah, mergers—those grand gestures in corporate America that promise growth, synergy, and shareholder value. But not every deal is a head-turner; some fly under the radar until someone grabs the magnifying glass. And that's exactly what's happening with Main Street Financial Services Corp.'s (OTC: MSWV) proposed merger with First...

Continue Reading
China-Malaysia Youth Dialogue: Tackling Ocean Challenges

Updated Category News Views 75

Building Bridges Across Waters These aren't the afternoons of trading stocks, folks—this one dives into the depths of the ocean and the tumultuous waters between China and Malaysia. October 30 saw the China-Malaysia Youth Ocean Dialogue take place at the China Media Group Sanya Studio, bringing together some sharp minds from both nations, tackling something that goes...

Continue Reading
UBCF Strikes Big in Times Square with New Billboards

Updated Category News Views 142

From the Shadows to the Spotlight Ever seen someone step up to the plate and knock it out of the park? That's what the United Breast Cancer Foundation (UBCF) is doing by plastering their mission right across Times Square. Talk about grabbing the bull by the horns, eh? With not one, but two billboards now gracing one of the globe's most iconic public spaces, they've...

Continue Reading
NABEP's Strategic Push: 41 Rigs to Bolster Output

Updated Category News Views 213

On The Ground: NABEP's Expanding Venezuelan Presence Think of oil production as a high-stakes poker game where each drill and rig is a well-placed bet. North American Blue Energy Partners (NABEP) is going all in on Venezuela, boosting their rig fleet and pushing production capacity to new heights. Set your sights on November when NABEP's in-country fleet will hit 41 rigs...

Continue Reading
ModelBest & OpenBMB Unveil Open-Source OCR Models

Updated Category News Views 132

A New Frontier in Document Parsing Just when you thought document parsing couldn't get any more advanced, ModelBest and OpenBMB come along with a game-changing release: the MiniCPM-OCR series. This duo of dynamite models, MiniCPM-OCR 1.0 and Jev, is all about taking the efficiency and performance expectations for open-source OCR models up a couple of notches. If you're an...

Continue Reading
Zhimeng Biopharma Hits Key Milestone in ALS Drug Trial

Updated Category News Views 232

Pivotal Point for Zhimeng's ALS Efforts Folks, get this—Zhimeng Biopharma's rolling out the big guns here with a significant step forward in their ALS treatment quest. This company just wrapped up patient enrollment for their next-gen ALS drug, CB03-154. We're talking about 255 patients now on board for a Phase 2/3 trial. The ground's shaking a bit because this...

Continue Reading
HanAll F&B Pioneers New Path for Domestic Rice Noodles

Updated Category News Views 227

New Spin on an Old Favorite: Rice Noodles Forget about the same old wheat noodles clogging up the pantry. HanAll F&B is revamping the noodle game with a homegrown twist, setting sights on a future where Korean rice isn't just for steaming, soup, or sushi. This outfit from Taebaek, Gangwon, has got its hands deep in the rice flour, finessing a patent that aims to make...

Continue Reading
Bass Angler Matt Robertson Reels in Record $1.25M Prize

Updated Category News Views 91

A New Era for Bass Fishing Payouts Who would have thought we'd see the day when bass fishing turned out to be as lucrative as a Wall Street handshake? But here we are, with Matt Robertson hauling in a whopping $1.25 million prize at World Bass Enterprises' first "The Champions" Tournament. We're not talking chump change here—this is the real deal in a sport often...

Continue Reading
NIDS Aims Global with CES 2027, Boosts Sensor Supply

Updated Category News Views 189

Pushing Boundaries at CES 2027 Kicking into high gear, NIDS Co., Ltd. is eyeing the CES 2027 stage like it's their personal gold rush. Already a heavyweight in environmental sensors, the company is all set to seize fresh international opportunities and expand their B2B supply footprint worldwide. Already Turning Heads Founded back in 2000, NIDS ain't new to the sensor...

Continue Reading