Getting your player ready...
Molycorp Inc., owner of the largest rare-earth mine outside China, said new developers may face difficulty funding new operations after prices plunged.
“The pricing environment today really is not going to help them utilize sales contracts as collateral for financing purposes,” Mark Smith, chief executive of the Greenwood Village-based company, said in an interview. Prices of rare-earth minerals have dropped 27 percent from their peak this year as Chinese exports increased, boosting inventories.
