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Molycorp Inc.

November 12, 2011

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The Colorado owner of the largest rare-earth deposit outside China fell after cutting its 2011 production forecast and posting third-quarter profit and revenue that missed estimates. Molycorp said it will produce up to 4,975 metric tons of rare-earth oxide equivalent in 2011, below the maximum 5,881 tons it predicted in August. Rare earths are chemically similar metals used in products including batteries, electric cars, and wind turbines.

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